Photo Credit: courtesy

Doug Goldstein, CFP® and director of Profile Investment Services Ltd., explains how inheriting an IRA is different than a receiving other assets.

Receiving an inheritance can be complicated. Each type of asset has its own way of being passed onto the heir. Inheriting an IRA is different than inheriting other assets, and in order to maintain the tax-beneficial status the paperwork needs to be done in a specific manner.

Advertisement

Download the free resource, “What You Need to Do After You Inherit an IRA” on
The Goldstein on Gelt website show notes page.

Advertisement

SHARE
Previous articleIsrael to Invest $6.8 Million in Converting Tel Aviv Offices into Hotel Rooms
Next articleReb Aryeh Leib
Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm specializing in working with Americans living in Israel who have investment accounts in America. Doug’s newest book, co-authored with Susan Polgar, about using chess strategies to improve your finances, Rich As A King can be purchased at www.richasaking.com. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, FSI. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Contact at doug@profile-financial.com