Quote:
Originally Posted by CoachKandSportsguy
best for you to do if you don't need the money is to just wait and pass it on at the death date mark up. . .
Advice is more for the tax free accounts and when to move money from IRAs to taxable rollovers to ROTH IRAs. Always pays best to move the money when the account is large versus when the account is small.
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Yes, I am hoping for a stepped up basis to benefit my RLT beneficiaries and devisees. The law could change, though.
I never had much in my IRA but in a very low taxable income year (2002?) I moved it all into a Roth IRA.
Inheritance taxes may soon become a serious problem for more people if and when the base exemption amount drops from $13.61M back down to $5M in 2026. That is very, very scary.