community property states | Ed Slott and Company, LLC

community property states

What Should My Brother-in-Law Do With Pre- and After-Tax Retirement Funds?

This week's Slott Report Mailbag answers a consumer's question about how much community property rules tie into his and his wife's retirement accounts and works through Tom's brother-in-law's delicate strategy involving pre- and after-tax retirement funds.

Community Property and Your IRA: What You Need to Know

What do you get when community property mixes with your IRA? You will discover that the results can be confusing. Here are some facts every IRA owner should know.

You Usually Don't HAVE to Name Your Spouse as IRA Beneficiary

If you are married and participate in your employer's ERISA covered retirement plan, such as a 401(k) or pension plan, your spouse must generally be the beneficiary of that company plan. Even if you didn’t name your spouse as the beneficiary, possibly because you weren’t married at the time you started working there, your spouse is usually automatically treated as the beneficiary of your company retirement plan - but they do not HAVE to be.

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