Leaving IRA Money to Charity: A Tax-Smart Strategy

November 29, 2017
Leaving IRA Money

Leaving portions of your IRA to beneficiaries may subject it to double or triple taxation.

These days, many people have a large percentage of their wealth in the form of traditional IRA accounts. In most cases, this is because significant distributions have been rolled over tax-free from qualified retirement plans to these IRAs. A lot of people also have charitable intentions. If this sounds familiar, there’s a tax-saving strategy you should know about: Consider designating your favorite charity or charities as beneficiaries of all or a portion of your IRAs. Then leave other assets to family members or other heirs. Read more

Individual Retirement Accounts & Foreign Earned Income

October 20, 2017
Individual Retirement Accounts

Those saving for retirement while living abroad will need to be aware of the contribution limitations.

By Bethany Bouw

As US individuals look to save for retirement, it is important to note that those residing abroad may face some additional considerations. Many people seek to save for retirement via traditional and ROTH IRAs. Residing abroad doesn’t automatically preclude one from contributing to these types of accounts, but there may be limitations and other things to consider in making an investment.

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