Traditional IRA’s, 401(k)’s, Tax Qualified Annuities, and other tax deferred accounts often make up, along with a home, the majority of many Americans’ assets. When putting together an estate plan, it is essential to review the accounts and determine the best way to leave them to loved ones. Today’s blog posts will go over the nuts and bolts of estate planning with tax deferred accounts.
What is a Tax Deferred Retirement Account?
A tax deferred retirement account is a financial account where your contributions can grow tax deferred until they are withdrawn. Traditional IRAs, 401(k)’s, and … Read the rest