Tax Trap Snares Young IRA Heirs

Tax Trap Snares Young IRA Heirs
Leaving a traditional IRA to a young grandchild sounds like the perfect idea. The young heir would have to take taxable distributions, but really, how high could the tax rate be for, say, a toddler or preteen? Not so fast. A quirk in the tax code can …
Tax Trap Snares Young IRA Heirs