According to the Investment Company Institute Research, "There are approximately ten trillion dollars invested in IRAs/Qualified Plans." Baby boomers and other wealthy people own the bulk of this money. Many of these people have large estates and with other assets to live on they have been advised to withdraw the least amount to comply with minimum distribution rules. These people will pass the balance of their IRAs to their loved ones when they die. Most of these IRA holders don't know that their beneficiaries may pay as much as 70 cents on each dollar they inherit between the estate tax and income tax on these IRAs –- can this happen to your family?
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