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Showing posts with the label financialplanning2022

Why Shouldn’t a Trust Be Your Retirement Account Beneficiary? | YMYW Podcast

Question: (Fish Sean Woo, Winter Springs, FL) Hey, Andi, Joe, and Big Al. Thanks for taking my call. This is Fish Sean Woo from Winter Springs, Florida, and I had a question about traditional IRAs, Roth IRAs, and 401Ks, and why it is not a good idea to leave your trust as a beneficiary. I recently set up a trust, and before listening to you guys, I had the trust as the beneficiary. I was hoping you guys could explain why this is a bad idea. Now, for the important part, I drive a 2013 Toyota Tundra pickup truck that has never met a gas station it does not like. I don't have any four-legged friends, or three legged for that matter, but I do have 25 African cichlids in a 75-gallon fish tank. Thanks for taking my call. Great show! Listen to the full episode: Download the Estate Planning Organizer: Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousa