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Sep 25, 2019

Many people own living trusts and consider the idea of making their trust the beneficiary of their IRA. Attorneys and CPAs warn that it can be a real financial mistake unless your trust is properly and specifically worded and names a qualified designated beneficiary. There are three factors that must be present if you want to use your trust as an IRA beneficiary and five circumstances when attorneys say you absolutely SHOULD use a trust. Today, we'll continue our IRA clinic as we review the rules for making your trust the beneficiary of your IRA. Then Steve answer questions on whether or not annuities are recommended for certain types of IRA rollovers. A fact-filled show you don't want to miss...MASTERING MONEY is on the air!!