Did you know that if you inherit a retirement account from a loved one you may be required to pay income tax on the whole thing right away? With smart planning, you may be able to avoid this scenario. That includes creating a formal stretch-out plan to reduce taxes by withdrawing small, regular amounts over an extended period of time. We can help you determine what tax implications to consider when creating your distribution strategy. Give us a call today.
Simplify Your Inheritance
By Tami Benus|2018-02-08T08:00:04-06:00February 8th, 2018|Blog|