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Maximize the money your 401k and IRA beneficiaries inherit | Pre-tax retirement accounts

Who should you name as the beneficiaries of your pre-tax retirement accounts, and why? You are working on your estate plan, and trying to figure out who you should name as the beneficiary of your 401k account and IRAs. Simple – the kids, right? Not so fast. Who should be your 401k beneficiaries? Who should you name to inherit your IRAs? If you want to minimize taxes, who you name as your beneficiaries matters. Watch this video to understand non-spouse beneficiary distribution rules for inherited pre-tax IRAs and “regular” pre-tax 401ks. Understanding the rules from an income tax standpoint might help you decide who to name as your beneficiary. Who inherits the assets you hold in your various retirement accounts could have a big impact on the amount of money that is ultimately received by your heirs vs given to Uncle Sam. 0:00 Welcome 0:35 Why is it important for IRA beneficiaries to be tactical about taking distributions from an inherited pretax account? 0:55 Did the