Mr. Client, what do you plan on doing with your IRA & 401k?
Clients who are 70 1⁄2 years and older must take their annual Required Minimum Distribution (RMD) from their IRA or 401k. Many high net-worth individuals do not need the distribution income and prefer to maximize the amount of inheritance they plan to leave their beneficiaries. However, upon your client’s death, if the IRA or qualified…