Dos and Don’ts for Leaving IRA Assets to Your Loved Ones” to help people ensure that their hard work and estate planning efforts really benefit the people they care about.
Much, but not all of the advice, relates to how you designate your IRA beneficiaries. This involves preparation on your part but this diligence ahead of time can save your heirs a lot of grief later. Here are just a few of Morningstar‘s suggestions:
It seems very basic to say this but first you need to designate a beneficiary. If you haven’t actually named beneficiaries, start there. …Read More