Using a Roth IRA as an Estate Planning Tool

While you may have started a traditional or Roth IRA when developing your retirement plan – it may have an alternative purpose. Your IRA could also serve as a useful tool in your estate plan.

On this Life Happens show, attorneys Lou Pierro and Caryn Keppler discuss the ways that you can use your IRA as a way to transfer assets tax-free to the next generation. Listen in to hear some of the best practices for using your IRA during your lifetime. They also explore options for naming your beneficiaries and the corresponding rules that may apply. Listen to get answers to these and other questions:

• What happens if you don’t name a beneficiary on your account?
• The differences between a Roth IRA and Traditional IRA
• How to incorporate your IRA into trust planning
• The potential effects of newly proposed regulations
• What non-spouse beneficiaries can be treated like spouses?