January 24, 2009 - Naming a Beneficiary-Pre-planning to Avoid Unnecessary TaxesSelf-Directed IRA Investment News You Can Use January 24, 2009 - Naming a Beneficiary - While you may not like to think about it, self-directed IRAs will need benefactors upon your death. This is a fact of life and important to consider and assign an IRA beneficiary or beneficiaries for your estate. Also, it is a good idea to name contingent IRA beneficiaries. To help your beneficiaries avoid certain taxes on an inherited IRA, speak to your IRA trustee or custodian about the rules governing bequeathing your self-directed accounts. You have options when naming your beneficiaries, including family members, trusts, and charities. A little pre-planning goes along way in helping those you care about avoid the pitfalls of unnecessary taxes. |
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