PRACTICE MANAGEMENT: Trusteed IRA Keeps $1.3 Million In Family
Jereme Brisco believes the simple solution can be the best solution. Take a client Brisco, a wealth adviser with USAA, recently helped out of a jam. The 79-year-old client, who had a $5 million estate, held roughly $1.3 million in a traditional tax-deferred IRA. "I asked him if he was aware that if the money stayed in a traditional IRA, his wife could leave the money to a friend--or even a new boyfriend--upon her death," says Brisco. "He wasn't aware of that. He said, 'What's the ...
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