Downs Law Firm, P.C.
Beneficiaries, in general, are people or entities that the holder of an account designates to receive the assets in the account, typically, in the event of the account holder’s death.
Trusts give parents of special-needs children additional options for extending care and financial assistance. However, you might need some expert help.
So, you inherited a retirement account. Before you make any decisions on when and how to access the money, it’s worth familiarizing yourself with the rules that apply to different beneficiaries.
The SECURE Act killed the stretch IRA but instead of mourning, advisors can help clients make up the loss.
One wrong decision can lead to expensive consequences, and good luck trying to persuade the IRS to give you a do-over.
