Are you thinking about leaving your traditional IRA to your loved ones? Or maybe you’re set to inherit one yourself? In this episode of The Wealth Cafe, we dive deep into what happens when a traditional IRA is passed on to a non-spouse beneficiary—and why you need to plan strategically to minimize tax headaches and maximize your legacy.
Join Caroline as she breaks down:
The unique tax rules that apply to inherited traditional IRAs (including the game-changing 10-year rule implemented after 2020)
The differences between leaving your IRA to a spouse versus a non-spouse
Why inheriting an IRA can sometimes cause tax surprises during your highest earning years or even impact college financial aid
Smart tax strategies to consider NOW, like Roth conversions and charitable giving
Key questions to ask your financial advisor to optimize your inheritance or legacy plans
Whether you’re looking to pass on wealth or preparing to receive it, this episode will help you make informed decisions and start the right conversations with your financial team.
Ready to get proactive about your financial future? Book an intro call using the link below to explore how personalized planning can help you and your family keep more of what you’ve earned.
💬 Comment below with your questions or experiences, and don’t forget to subscribe for more insights on wealth, inheritance, and strategic financial planning!
👍 For more tips and conversations like this, hit ‘subscribe'
🔍INSTAGRAM: / / https://www.instagram.com/tanisfingroup/
LINKEDIN: / / https://www.linkedin.com/in/caroline-tanis/
PODCAST: / / https://podcasts.apple.com/us/podcast/the-wealth-cafe/id1831982850
BLOG: / / https://tanisfingroup.com/blog/
------------
🔗CONNECT
Website: https://tanisfingroup.com/
Email: caroline@tanisfingroup.com
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
New Heights with Jason & Travis Kelce
Football’s funniest family duo — Jason Kelce of the Philadelphia Eagles and Travis Kelce of the Kansas City Chiefs — team up to provide next-level access to life in the league as it unfolds. The two brothers and Super Bowl champions drop weekly insights about the weekly slate of games and share their INSIDE perspectives on trending NFL news and sports headlines. They also endlessly rag on each other as brothers do, chat the latest in pop culture and welcome some very popular and well-known friends to chat with them. Check out new episodes every Wednesday. Follow New Heights on the Wondery App, YouTube or wherever you get your podcasts. You can listen to new episodes early and ad-free, and get exclusive content on Wondery+. Join Wondery+ in the Wondery App, Apple Podcasts or Spotify. And join our new membership for a unique fan experience by going to the New Heights YouTube channel now!