How are my heirs taxed on inherited Roth IRA wealth?
Your heirs are taxed as follows: • No income tax whatever, if the funds have been in the Roth IRA at least 5 years. • The heir can spread the withdrawal over his or her life, continuing the tax shelter for amounts not withdrawn. • Estate tax treatment is the same as for traditional IRAs. Also See… Financial Planning Developing a Financial Plan: Frequently Asked Questions Investment Options: Frequently Asked Questions Annuities: Frequently Asked Questions Bonds: Frequently Asked Questions Mutual Funds: Frequently Asked Questions Stocks: Frequently Asked Questions Saving For College: Frequently Asked Questions Retirement Assets: Frequently Asked Questions Retirement Plan Distributions: Frequently Asked Questions IRAs: Frequently Asked Questions Social Security Benefits: Frequently Asked Questions Wills: Frequently Asked Questions McBride Shopa & Company, P.A. 270 Presidential Drive Wilmington, DE, 19807 Phone: (302) 656-5500 37212 Rehoboth Avenue Ext. Rehoboth Beach, DE 19971 Phone: (3
