You may have heard that there have been major changes in IRA and 401K rules that can impact your estate and financial planning. So, we checked in with the expert here and that is Mr. Mike Solomon from the law firm Solomon, Steiner & Peck to make sure we are clear on all the changes as we head into 2020.
Here are the questions Hollie & Alexa asked:
When must I take money out of my IRA or 401K?
Have the rules changed on how long I can contribute to an IRA?
Can I still leave my IRA or 401K plan to my children?
Will this change in the IRA law impact my estate planning?
Are there any other changes that impact my IRAs?
Are you going to contact Solomon, Steiner & Peck for your IRA and 401K questions? Find us on social media @ ‘Live on Lakeside’ and let us know!
FOR MORE INFORMATION:
Solomon, Steiner & Peck, LTD
6105 Parkland Blvd. Suite 140
Mayfield Heights, OH