More retirees planning their legacy are considering Roth Individual Retirement Accounts (Roth IRA) conversions as part of their strategy. A Roth IRA conversion involves moving assets from other retirement plans into a Roth IRA, allowing earnings to grow tax-free and potentially leaving more for heirs, who can generally withdraw the money tax-free if they follow IRS distribution rules. [...]
Estate planning is an important aspect of ensuring that your loved ones and cherished causes are taken care of after you pass away. Failing to do so can result in your beneficiaries facing various challenges, such as difficulty settling your affairs, hefty estate taxes, and having to deal with probate court during their grieving [...]