ROLL OVER IRA

Submitted by gautam SHAH on Tue, 2021-08-17 16:52

My IRA will be transfered to my spouse upon my passing. Now she has IRA in her name assuming no assets and she has not life time exemption what is best plan before her passing or after passing

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Permalink Submitted by Alan - IRA critic on Tue, 2021-08-17 17:11

What are you referring to as a life time exemption? Will she need to withdraw much more than her RMDs?

Permalink Submitted by gautam SHAH on Tue, 2021-08-17 18:44

LIFE TIME ESTATE TAX EXEMPTION. SHE WILL NOT NEED MORE THAN RMD EVER.

Permalink Submitted by Alan - IRA critic on Tue, 2021-08-17 19:17

Your combined exemption is 23.4 million for 2021. Whether your gross estate is in an IRA or not does not affect the limits, although taxes paid will reduce your gross estate somewhat. This site is not geared for detailed estate planning and you would not want to reveal extensive personal financial detail on line anyway. You should consult an estate planning firm, particularly if your joint assets exceed 2 million.

Permalink Submitted by gautam SHAH on Tue, 2021-08-17 22:34

do you provide private consultation. what is average cost

Permalink Submitted by Alan - IRA critic on Tue, 2021-08-17 23:18

No, I limit my activities to posting in various forums like this one.