Ed Slott is the #1 expert on IRAs. He is on public television whenever they are in their fund-raising period and has written several excellent books on retirement issues of interest to DIY Investors. If you know someone who has just turned 70, inherited an IRA, is trying to lower the value of their estate, or even wondering about their beneficiary designations, this year-end check list is valuable.
I suggest that, if some of these issues are applicable, you may want to consult a professional. For example, retitling an inherited IRA is tricky and even many bankers get it wrong and, thereby, end up generating a big tax bill.
Ed Slott Year End Checklist
Disclosure: I am not associated with Ed Slott and receive no compensation for any recommendations on this page. Post is solely for informational purposes.
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