Determining Which Charitable Beneficiary Option is the Best for You

One of the many provisions of the new SECURE Act is that if a non-spouse inherits an IRA (with a few exceptions), distributions must be taken over 10 years or rather than over his/her life expectancy. This can create considerable tax consequences as taxes will be paid in higher percentages as it pushes those who inherit into higher tax brackets. Given this, you may want to consider using a unique planning strategy. Please take the quiz below to learn what planning strategy may be a potential solution to the new tax issue created by the SECURE Act.

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* 1. When it comes to planning inheritances, which of the following statements most accurately reflects your intentions with your IRA/retirement account?

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* 2. When it comes to your charitable intention, which of the following statements most accurately reflects your intentions?

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* 3. When it comes to control of the outcome of the inheritance of your IRA or other retirement account, which of the following statements most accurately reflects your feelings?

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* 4. When it comes to how you feel about taxes being paid on money you are inheriting to loved ones, which of the following statements most accurately reflects your feelings?

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* 5. Please complete your contact information.

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