Browsing Posts published in May, 2010
An over 70 year-old died and left three IRAs to her living trust. The spouse is dead and there are 11 beneficiaries ranging in age from 30 to 85. Can we A) Sell the assets and pay the tax at the trust level? B) Combine the three IRAs and pass the minimum distribution out over X years? C) have the bank create 11 IRA beneficiary accounts and let the beneficiaries decide?
Don’t worry about me. I know how to research the tax law and the bank won’t let me do something illegal. I was just looking for ideas.
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I’m looking mostly at Equity Trust (seems to have better fees), and Entrust (does not put their fees on the website, but they have an office close to where I live; I presume this might come in handy if I need things signed for real estate, etc.
my husband and i work for places that don’t offer ira or any kind of retirement plans. We have been saving some money in a normal savings account for a little while,but i want to move on to something better. My husband says to keep it in the normal savings account, i told him maybe a ira or investing may be better. i told him that there are many more ways of making more money than a normal savings account. We don’t know where to start or who to talk too. any suggestions?
