Category archives: IRA Gifting to Children
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6 years ago
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A question we're often asked is how parents can make sure that their minor children are provided for in the event that they cannot care for them due to incapacity or death.
Our answer is that this is an incredibly important consideration and that, in addition to having their own Advance Directive... [read more]
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6 years ago
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For many parents, the majority of their savings is held in some kind of a retirement account, often an Individual Retirement Account (IRA). At age 70 1/2, an IRA account holder faces the Required Beginning Date, when he or she must take mandatory distributions from the IRA. These payments are determ... [read more]
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7 years ago
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Grandparents may be tempted to leave an IRA to a grandchild because children have a low tax rate, but the "kiddie tax" could make doing this less beneficial.
An IRA can be a great gift for a grandchild. A young person who inherits an IRA has to take minimum distributions, but because the dist... [read more]
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