profit sharing plan
I just finished reading “parlay your ira into a family fortune” and found it to be very helpful. in my case, the majority of my assets are in a profit sharing plan, for which I am the only member. is there another publication by ed slott that addresses “parlaying” a profit sharing plan, similar to what was discussed in “parlay your ira” ??
Permalink Submitted by Alan - IRA critic on Wed, 2014-03-05 22:52
Not that I know of. Your profit sharing plan will eventually be rolled over to an IRA anyway? One major difference between the two is that a surviving spouse cannot own the profit sharing plan. They can only receive distributions as a beneficiary, not the lower RMDs of an owned IRA.