Clients often ask their advisors for input as to who should be designated as the beneficiary to their IRA. This is a great question, given the various tax implications that IRA beneficiaries have on a client’s estate plan. In order to understand a beneficiary’s tax implication we must first review the following benefits that IRAs provide.

he Roth IRA is one of the most advantageous retirement savings vehicles. It allows you to make post-tax contributions into a savings account that can be used in retirement without tax liability once certain conditions have been met.