Updated October 6, 2023, at 11:22 AM
Do you have clients who are under the age of 70 ½ who own an IRA, but have no desire to take withdrawals from their qualified accounts until the IRS forces them to begin their required minimum distributions (RMDs) at age 70 ½?
Do you have clients who are 70 ½ and retired who only take distributions from their IRA because they must? Do they anticipate leaving what’s left in their qualified accounts like their IRAs to their kids when they pass?
If you answered yes to those questions, then you should help your clients consider a multi-generational strategy for your clients’ IRA assets.