IRS rules change; client adds second plan to offset taxes

This week, Diane shares a case study of her clients, Mark and Sharon. They started planning at ages 61 and 60. They thought they had done all they could with LTC planning, and then the SECURE Act was enacted in 2020. There were now serious tax concerns when their kids inherit their IRAs. Mark wanted to know if there really is a plan that can be funded with IRA dollars to create tax free death and LTC benefits and help their kids with the new tax rules requiring inherited IRA's to be fully liquidated within 10 years. There really are plans that help with this. Listen and learn what Mark & Sharon decided, and ask me for help at [email protected]