[Main General Bulletin Board | BBFAQ | Prev by Date | Next by Date | Post Followup ] Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos You are exactly right Like This Post: - Subscribe to Daily Digest for this Bulletin Board Posted by MI-Roger [Email] (#882) [Profile/Gallery] (more from MI-Roger) on Fri, 25 Jul 2014 17:00:21 In Reply to: Not getting it, DE [Profile/Gallery] , Thu, 24 Jul 2014 15:14:02 Alert me when someone posts in this thread: Members do not see ads below this line. - Help Keep This Site Online - Signup

I did not realize years ago how skewed these tax advantaged plans are against transferring wealth to the next generation. They are fantastic tools for building wealth. They are horrible at transferring wealth. I am guessing many others did not know that side of these plans when they first started investing in them either.

If a person's goal is to transfer wealth to their children or grandchildren upon their own death, then they need to plan ahead to make the investment changes necessary to allow this to happen. Special rules apply to the inheritance of these tax advantaged plans which apparently (I am still learning) prevents their inclusion with the currently large estate tax exclusion.

If a person doesn't have heirs, or doesn't feel a need to maximize the estate their heirs will receive, then the large taxable RMD withdrawals and immense tax bite on the remainder is not a concern.

I know people in both camps and this is purely a personal decision, whatever is correct for them.

_______________________________________
Saabs owned:
2008 9-5 Aero Sedan, sold at 227K miles
2006 9-3SC 2.0T - Wife's daily driver
2000 Viggen Convertible - Sold May, 2022
1964 Quantum IV Formula Car - Retirement project
2000 9-5lpt Sedan, sold at 318K miles

• OT: The rapidly approaching ugly side of IRAs and like, MI-Roger , Wed, 23 Jul 2014 18:16:20
  • Real or Nominal dollars?, RodM, Fri, 25 Jul 2014 11:41:27
    • Net worth is not that high, MI-Roger , Fri, 25 Jul 2014 17:08:12
  • don't worry, money money, Fri, 25 Jul 2014 07:46:18
  • Stop working and start spending NOW !!, TKC, Fri, 25 Jul 2014 07:11:55
    • Re: Stop working and start spending NOW !!, dtechakacheaptech, Tue, 29 Jul 2014 06:43:56
  • Re: OT: The rapidly approaching ugly side of IRAs and like, larry byer, Thu, 24 Jul 2014 04:47:53
    • Plan ahead, MI-Roger , Thu, 24 Jul 2014 05:27:14
      • Not getting it, DE , Thu, 24 Jul 2014 15:14:02
        • You are exactly right, MI-Roger , Fri, 25 Jul 2014 17:00:21 <-- Viewing This Message
  • Re: OT: The rapidly approaching ugly side of IRAs and like, larry byer, Wed, 23 Jul 2014 20:12:17
    • Lots more discussions planned, MI-Roger , Thu, 24 Jul 2014 03:29:08

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