Succession Planning for Your IRA:

Why it matters and how to do it right

Accounts (IRAs) are a cornerstone of many retirement strategies, but planning for what happens to your IRA after you pass away is just as important as building it. Succession planning ensures your hard-earned savings are distributed according to your wishes, minimizes tax burdens for your heirs, and avoids costly mistakes.

Why Succession Planning Is Critical Without proper planning, your IRA could end up in probate, delay distributions, and create unnecessary tax liabilities for your beneficiaries. The SECURE Act introduced new rules that significantly impact how inherited IRAs are handled, making it essential to review your plan regularly.