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Strategies & Market Trends : Roth IRA ideas

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To: Sonki who wrote (115)4/29/1998 2:48:00 PM
From: Howard R. Hansen  Read Replies (2) of 388
 
Steve Joyce answered most of your questions. However, I would like to add two additional points. One, the beneficiary of a Roth IRA can withdraw funds from a Roth IRA tax free for the life of the beneficiary. The beneficiary doesn't have to be a spouse to get this benefit. This extension to the life of a Roth IRA only happens once. Two if you are giving money to a charity when you die it is to your advantage to name the beneficiary of an IRA a charity. This tip comes from Erica Whitlinger on "Sound Money. Perhaps Steve Joyce can explain why but I assume if you leave an IRA to a charity it is not included in your estate.
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