We suggest meeting with a Financial Professional before making any changes to retirement accounts you have inherited. Since taxes have not been paid on these types of accounts, you will have to pay them. Fortunately, there are smart strategies you can implement in order to reduce your tax liability.
Main points mentioned in the video:
1:20 Be smart about taking money out of these accounts
1:56 Structure out withdrawals
2:34 Strategies to reduce tax liability
Have questions about anything mentioned in this video? Email us at firstname.lastname@example.org - we would be happy to assist you!
Nelson Elder Care Law, LLC is not affiliated with Avantax Wealth ManagementSM