A new Idea, pay your parents’ taxes, inherit a tax-free Roth

Most retirees are in a lower tax bracket than their working-age children, so if grandma had paid the income taxes on her IRA and converted it into a Roth IRA, then her daughter would have a zero tax burden on the inheritance. This brings up an advanced financial planning idea—perhaps daughters and sons who willContinue reading “A new Idea, pay your parents’ taxes, inherit a tax-free Roth”