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1885: [Part 2] Tax Planning For Inherited IRAs by Sean Mullaney of FI Tax Guy

Optimal Finance Daily - Financial Independence and Money Advice

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How to Plan for the Death of a Beneficiary

The life insurance concept involves using traditional ira withdrawals by the owner to fund the purchase of a whole life ins ace policy. At death, the beneficiary receives tax free life insurance proceeds instead of taxable traditional iras. If you inherit ar rement account of any significant size, you need to do some tax planning. Often that planning is best done with the assistance of a professional.

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