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What will your legacy be?
IRA accounts have become one of the largest types of assets inherited by loved ones. If you don’t anticipate needing your IRA money in retirement, you may wish to consider a legacy planning strategy that potentially reduces taxes and increases the payout your beneficiaries will receive upon your death.
You may want to use some of the value in your IRA to provide your beneficiaries with a regular stream of income while leaving the balance of IRA assets invested for tax-deferred growth. The result may yield substantially more money paid out over the course of your beneficiaries’ lifetimes.
We can help you evaluate your financial situation to determine if IRA legacy planning could help you, and we can work with attorneys and tax professionals to help you meet your goal of structuring a long-lasting inheritance for your loved ones.
Our firm is not permitted to offer, and no statement contained herein shall constitute tax advice. You should consult a tax professional on any such matters. Only Kevin Sanders may provide legal advice.
If you would like to learn more about Teboda & Associates or would like to schedule a no-obligation meeting, please contact us today!