FWS Piece

Trust owned Inherited IRAs

IRA DISTRIBUTION OPTIONS AFTER DEATH When an IRA owner dies and leaves their IRA to a non-spousal beneficiary, under current law the IRA generally must be distributed under one of three alternatives: Lump Sum – Full distribution of account balance. This option could potentially bump the beneficiary into a higher income tax bracket. Five-Year Rule …

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Long-Term Care Coverage: Understanding the Fine Print

WHY YOU MAY NEED LONG-TERM CARE You may picture a nursing home when you think about long-term care (LTC). But LTC doesn’t always mean institutional care. Instead, it’s primarily “custodial” care — personal, hands-on assistance to individuals who need help with the Activities of Daily Living (ADLs). ADLs include: Bathing Eating Toileting Dressing Continence Transferring …

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