Archive for October 17th, 2007

Parents must give serious thought to protecting their family through creative estate planning. While life insurance and trusts should be a part of every plan, Roth IRAs can be an elegant tool you can use to pass some of your wealth to your children on a tax-free basis.

First, let’s take a quick look at the Roth IRA. The initial disadvantage of a Roth IRA is the fact that contributions do not initially reduce taxable income as with traditional IRAs or 401(k)s. The a (more…)