After accumulating wealth for years, you want it to be inherited by the right beneficiaries when the time comes. (Instead of your ex-spouse from 10 years ago!)

If you are the one inheriting the IRA, you want to minimize the tax liability on your inheritance.

In this episode, J. Barry Watts explains the most tax-efficient way to handle inherited IRAs and setting up your IRA for optimal distribution to your loved ones.

Barry discusses:

• The importance of updating your beneficiary designation forms (and maintaining a copy)

Resources:

• New IRA & 401K Rules for 2023 (Ep. 55)

Connect With Barry Watts:

• Schedule an Introductory Call