In the News

Title

Want to leave a Roth IRA to your kids? Beware of taxes

Document Type

Article

Publication Date

9-9-2014

Abstract

Leaving money to children or other heirs through a Roth individual retirement account may sound like a great idea—the funds essentially can grow tax-free over your lifetime and theirs.

But before you rush to convert all or part of a traditional retirement account to a Roth for your loved ones, take a closer look.