UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: inparadise Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75525  
Subject: Re: Withdrawal Strategies...Again Date: 3/9/2014 7:18 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I don't think the beneficiaries of our estate will care if they get money from an IRA or from a traditional investment account.

We've already told the kids that their paid for college education is their inheritance, but things don't always go as planned, and being as active as we are, who knows how we'll go, or when. So if we pass early, I would really like the kids to have most of their assets in inherited IRAs. They are still in their teens, and I would love them to keep "retirement" funds in place for down the road. There are plenty of other assets to take care of them in the meantime.

Since neither of us trust our siblings to guide our kids, we've tried to pull them in to planning where we can, and will depend on our FP to ease the transition. He was wonderful in helping me deal with Dad's estate and I feel confident he will make the transition easier for the kids when we pass...may it be a very long time in coming. Generation succession is kinda his thing.

IP,
needing to trust someone from outside the family here, no matter what
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Macro Economics

U.S. Stable, Europe Stalling
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement