IRA should have designated beneficiary for best tax result
This column first appeared in the San Antonio Express News and other Texas Hearst Newspapers on August 17, 2018. An IRA (individual retirement account) is a tax-deferred savings program used by millions of Americans to help fund their retirements. IRAs are great tax and retirement tools, and they need to be integrated into each person’s estate planning. Universally, when an IRA is established and funded, the owner also designates specific individuals to receive the funds in c