A Complete Guide To Inheriting Money (Tax Planning)

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

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Flowchart on Inheriting Accounts (mentioned in episode)

Navigate the financial maze of inheritance with me as we uncover the vital steps to securing your legacy without drowning in taxes. A revealing tale from my practice showcases the weighty decisions faced by those expecting wealth transfers, and sets the stage for a thorough exploration of the tax implications that come with different types of accounts.
We address the rules that dictate non-spousal IRA inheritances, including the critical 10-year rule for non-eligible designated beneficiaries, and discuss the nuances of brokerage account benefits like a step-up in basis. Wrapping up, I invite you to take part in shaping our community's future episodes—your questions are the fuel that drives our journey to early retirement, so let your curiosity lead the way.
Create Your Custom Early Retirement Strategy Here
Get access to the same software I use for my clients and join the Early Retirement Academy here

Ari Taublieb, CFP ®, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Chapter

1. Inheritance and Financial Planning (00:00:00)

2. Retirement Planning and Inheritance Considerations (00:04:58)

3. Inheriting an IRA (00:13:29)

4. Inheriting and Strategic Tax Planning (00:18:20)

5. Early Retirement Podcast Submission Guidelines (00:25:30)