My IRA is Going Where? By Gerry W. Beyer Share J. Sabrina Go & Grayson Chester recently published an article entitled, Unintended Beneficiaries of Retirement Accounts, or: “My IRA is Going Where!?”, Rehrberg Law Group, PLLC, (2020). Provided below is the introduction to the …
IRA
Congress Suspends Required Minimum Distributions for 401(k)s and IRAs for 2020, Opening Window to Tax Savings
By Gerry W. Beyer The bipartisan COVID-19 stimulus bill recently signed by President Trump includes welcome tax relief for retirees: The required minimum distribution (RMD) rules for Individual Retirement Accounts and 401(k)s are waived for 2020. This is the same as what occurred in 2009 …
Beneficiary Designations and Other Non-Probate Transfers
Beneficiary designations and other non-probate transfers are an often-overlooked part of estate planning. They are overlooked by clients and sometimes even by professionals. When planning what would happen to your assets at death, most of us think, “oh, that’s simple, I need to do a Will to take …
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The New SECURE Act and What It Means for Your 401k and IRA’s
The SECURE Act passed in late December. The SECURE Act changes some lifetime rules, but the biggest change concerns rules for beneficiaries. The “Secure Act” was part of a larger law that passed with (rare) bipartisan support in late-December 2019. It is effective January 1, 2020, for most …
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How to Avoid the Top 10 Estate Planning Errors
Top 10 Estate Planning Errors There are myths and misconceptions about estate planning. Here are the top 10 estate planning errors to avoid, and help your family save thousands of dollars in unnecessary taxes and probate fees: Beneficiary omissions — Not naming contingent beneficiaries or …
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