Published on: 10/12/2022
Recent Heirs to Retirement Plans Win a Surprise Tax Reprieve from the IRS
That means more money can compound over a decade. But it can also create what Scott Bishop, the executive director of wealth solutions at Avidian Wealth Solutions in Houston, called a “tax time bomb,” in which heirs pay one-time larger tax bills because they have to pull out larger amounts over a shorter period of time.
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