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SVTPerformance's Chain of Restaurants
Road Side Pub
Anyone know anything about annuities?
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<blockquote data-quote="Ohio Snake" data-source="post: 16474195" data-attributes="member: 157862"><p>All Roth death benefits are federal income tax free including the gains. Some states have been known to tax the gain portion.</p><p></p><p>The stretch will preserve the Roth status for no longer than 10 years under the IRS ruling that replaced the normal stretch. </p><p></p><p>I have a Roth 401K death benefit Im working on right now and researching the Roth status stretched over 10 years. The questions Im looking at are:</p><p></p><p>Under the new 10 year stretch rule, are RMD’s required? </p><p></p><p>Under this same rule, are all distributions from the Roth tax free as a death benefit or are the gains from the time of death taxable. If the later is the case, distribution may be the better option. If all gains remain tax free through 10 years, leave it as a Roth, which does not have to be an annuity.</p><p></p><p>I’ll let you know tomorrow on these questions Im researching.</p><p></p><p></p><p>Sent from my iPad using Tapatalk</p></blockquote><p></p>
[QUOTE="Ohio Snake, post: 16474195, member: 157862"] All Roth death benefits are federal income tax free including the gains. Some states have been known to tax the gain portion. The stretch will preserve the Roth status for no longer than 10 years under the IRS ruling that replaced the normal stretch. I have a Roth 401K death benefit Im working on right now and researching the Roth status stretched over 10 years. The questions Im looking at are: Under the new 10 year stretch rule, are RMD’s required? Under this same rule, are all distributions from the Roth tax free as a death benefit or are the gains from the time of death taxable. If the later is the case, distribution may be the better option. If all gains remain tax free through 10 years, leave it as a Roth, which does not have to be an annuity. I’ll let you know tomorrow on these questions Im researching. Sent from my iPad using Tapatalk [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Anyone know anything about annuities?
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