You Inherited An IRA… Now What?
Speakers: Joe Ross, AIG
Year: 2021
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IRA beneficiaries are required to pay tax on their Inherited IRAs, but can’t do a Roth conversion. If IRA beneficiaries could put their taxed Inherited IRA into a Roth IRA after they paid the tax, would they? YES...many of them would! But Congress doesn’t allow it.
This presentation will share how with cash value life insurance, beneficiaries can have the equivalent of a Roth conversion without doing a Roth conversion. Learn how beneficiaries can pay no tax on growth, income, or on the distribution to their beneficiaries, and no RMDs required on their Inherited IRAs.