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Many people want to leave something behind for the people and causes they care about most — but without the right planning, that gift could come with a hidden tax burden. In this video, we explore how legacy planning and retirement strategies can help protect your loved ones from unnecessary taxes and ensure your money goes where you intend.
00:10 Introduction to legacy planning and tax implications
00:33 Managing retirement and estate planning
01:09 Spousal inheritance rules for IRAs
01:22 SECURE Act changes for inherited IRAs
01:29 10-year withdrawal rule for non-spouse beneficiaries
02:01 Roth accounts as a tax-free inheritance solution
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