Why it is essential for you to name a beneficiary for your IRA

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  If you do not name a person as a beneficiary, the deceased estate will inherit the IRA.  Since the estate is not alive the payments cannot be stretched out into the future. By stretching the IRA, a person will greatly limit the tax consequences. If you have not named a beneficiary, it is possible the estate will inherit the IRA as a full taxable distribution. There is a simple solution to this problem which could end up costing you thousands of dollars. Make sure your IRA has a beneficiary. If your life situation has changed, update the beneficiary to match your new desires. Do this today!!

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