When to Avoid Naming a Trust as Beneficiary of Your Retirement Plan

Naming a trust as a beneficiary of your retirement plan can be a good idea in some circumstances, but it can be dangerous if you are worried about creditors coming after your estate.  There are a lot of good reasons to name a trust as a beneficiary of a retirement plan, whether it is a […]

What are the Rules for Your IRA Upon Death?

Inheriting an IRA means that different rules apply to various circumstances as in the case of a spouse versus non-spousal beneficiaries. Regardless of who is inheriting the IRA, the heir must take the RMD (required minimum distribution) for the year the account owner died. The full RMD must be withdrawn by December 31 of the […]