Financial Updates | Conversion as a Gift to Your Beneficiaries

Peter Richon ·
May 27, 2023

When considering which assets to leave your beneficiaries, there’s one asset that’s loaded with taxes: IRAs. Inheriting an IRA is very different from inheriting a Roth IRA. In fact, without proper planning, as Peter Richon with Richon Planning explains to Erin Kennedy, the #irs may end up being your largest beneficiary!

Distributions from an inherited Roth account are both tax and penalty free, which means you won’t saddle your heirs with a heavy tax burden during their prime earning years.

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