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Home / News / Business News / Trust-based IRAs not exempt from tax consequences (access required)

Trust-based IRAs not exempt from tax consequences (access required)

When someone dies and leaves an IRA to an individual, distributions can stretch out over the beneficiary’s lifetime, allowing the funds to grow tax-deferred over many years. But when the IRA is left in a trust for the beneficiary, and it’s not set up strategically, the money will have to be withdrawn much sooner – ...

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