What Happens when You Inherit a Retirement Account?

What Happens when You Inherit a Retirement Account

There’s almost always a reckoning when the government proffers a tax break. So it is with individual retirement accounts (IRA)s, 401(k)s, and similar accounts that investors fund with pre-tax earnings.

What If Estate Is Beneficiary of an IRA?

What If Estate Is Beneficiary of an IRA

It may sound like it makes sense, and it might be easier than picking a person (or two) to name, however there are some serious downsides to naming your estate as the beneficiary for your IRA.

How Do Special Needs Trusts Work?

How Do Special Needs Trusts Work

Special needs trusts can help fund quality-of-life improvements for the beneficiary, such as a phone, a trip or a private room in a group care facility.