FYI: BABY BOOMERS are retiring every day and Generation X is right on their heels. With this, an increasingly large amount of wealth is making its way into IRAs and Roth IRAs, thanks to rollovers from employer retirement plans.
I’ve found that many folks don’t quite grasp the complexities of such accounts. On the surface, they seem pretty simple: You contribute to an IRA or Roth IRA, receive tax-deferred growth and then gradually withdraw the funds during retirement. Anything that’s left over after your death goes to the listed beneficiaries.
Regards,
Ted
https://humbledollar.com/2019/04/pass-it-on/
