IRAs, Taxes and Estate Planning 2023
One of the most commonly used retirement savings plans, after 401(k)s, are IRAs. Many folks will pass away with assets in their IRAs yet most of us don’t think of IRAs as a part of our legacy. Post updated with updated values for 2023.
How Can IRAs Affect Estate Planning?
Estate planning is more than wills and powers of attorney. It’s having some control over what happens to your assets when you pass on. One of the most commonly used retirement savings plans, after 401(k)s, are IRAs. Many folks will pass away with assets in their IRAs yet most of us don’t think of IRAs as a part of our legacy.