Business, 13.07.2020 21:01 Vugly

Your customer, age 68, that has an IRA account at your firm valued at $500,000, passes away. The customer leaves the account to his son, age 38. He has no need for current income as he is still working, and wishes to know his best option to minimize taxes. He expects to retire in 22 years, at which time, he will need the funds to pay for annual living expenses. You should advise the son to:

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Your customer, age 68, that has an IRA account at your firm valued at $500,000, passes away. The cus...

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