A recent CNBC survey discovered that more than 1/3 of millionaire families, defined as those with investable assets over $1 million, have not established an estate plan with a proper financial expert. Why?
Perhaps the constant changes to federal estate-tax law have continued to confuse families, as they can’t keep up with the ever-changing law. Some families simply think they don’t need to establish a plan, as the latest exemption stands at $5.43 million per person – in ot
Greg Phelps is a CFP® certified financial planner in Las Vegas, Nevada. As an Ed Slott Elite IRA Advisor, he’s also an IRA specialist. We asked Greg to guest write for our blog on how beneficiary IRA’s work, and the rules surrounding them.
IRA Beneficiary Rules
IRA’s (individual retirement accounts) are one of the most popular ways for investors to save for retirement. In fact, as of 2012 there was nearly 50 million American households with over 5.4 TRILLION dollars in i