Unpleasant surprise! Tax deferred funds may face triple tax threat.
After seeing all the taxes imposed on qualified plan distributions, a qualified plan with a large asset base can appear to be a lemon. With creative planning, qualified plan assets can be turned into lemonade for both the individual owner of the assets, and his or her heirs. If you are concerned whether you may face the triple tax threat with your qualified plan, and believe it would be appropriate to seek additional information on various strategies to alleviate this problem, you should contact your estate planner or someone with specific expertise in this area.
Kret
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Prudential Securities, Schaumburg, IL 60173, USA.
D003815:Dentists / Q000191:economics*; D005376:Financial Management / Q000331:legislation & jurisprudence; D006801:Humans; D012179:Retirement / Q000191:economics* / Q000331:legislation & jurisprudence; D013660:Taxes / Q000331:legislation & jurisprudence*; D014481:United States