Do you understand how having an IRA impacts Medicaid? Taxes? How does passing it on work? What differences are there between Roth and traditional IRAs?
IRA PLANNING
Account for Medicaid
Having an IRA can impact Medicaid eligibility—especially when it comes to long-term care. Understanding how your retirement accounts are counted helps you plan wisely and protect your assets as you age.
Prevent Tax Consequences
IRAs come with complex tax rules, especially when it’s time to take distributions or pass them to heirs. A little planning now can prevent costly tax surprises for you or your beneficiaries down the road.
Learn Beneficiary Options
Naming the right beneficiary for your IRA isn’t just a form—it's a key part of your estate plan. Different choices come with different rules, so it's important to know what your decision really means.
Know Differences Between IRA Types
Roth IRAs work differently from traditional IRAs when it comes to taxes and inheritance. Knowing these differences helps you make smart decisions and take advantage of unique planning opportunities.
What Happens to My IRA after I’m Gone?
Assets held in an IRA account bypass probate, allowing them to be paid out to your beneficiary shortly after you pass away.
Rules differ by beneficiary, but your spouse has three options with a traditional IRA:
Non-traditional IRAs—such as Roth IRAs—come with far more complications.
Step 1
Schedule a Free Consultation
Reach out and set up a time for us to talk with each other. We won’t know if it feels like a fit until we get to talk.
Step 2
Collaborate on an Estate Plan
Our team learns about you and your unique needs so we can work with each other to help you design your ideal plan.
Step 3
You Are Set Up for the Future
We’re committed to making sure you understand and feel confident in whatever plans we help you to create.
