193: Worried About Passing Down a Big IRA? Consider a CRT
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 564 Ratings
🗓️ 19 February 2021
⏱️ 19 minutes
🔗️ Recording | Apple Podcasts | RSS
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Summary
This week's retirement reading is from KIPLINGER, titled Worried About Passing Down a Big IRA? Consider a CRT. Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting Howardbailey.com/193
Show Notes: Howardbailey.com/193
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Transcript
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| 0:00.0 | Welcome to the Retire with Purpose podcast, a show specifically designed to help pre-retirees and retirees maximize their financial confidence. |
| 0:14.4 | Casey Wheat is a certified financial planner and president of Howard Bailey Financial. |
| 0:18.4 | His newest book, Job Optional, is a Wall Street Journal bestseller |
| 0:22.1 | and is available now on Amazon and at RetirewithPurpose.com. He's your host on Retire with Purpose. |
| 0:29.0 | Hey, I'm Casey, and I believe in retirement strategies that are driven by meaning and purpose. |
| 0:36.0 | Join me this week and every week as we discuss thoughts and ideas |
| 0:40.3 | with some of today's foremost experts in the field of finance and retirement, as well as discussing |
| 0:46.2 | trending topics that could impact your bottom line. These discussions can help you make |
| 0:51.7 | better financial decisions so you can live the lifestyle you've always imagined and deserved. |
| 0:57.9 | Welcome to the show. |
| 1:02.4 | Hey, what's up, y'all? |
| 1:03.5 | This is your host, Casey Weed. |
| 1:04.7 | Joining me is my good friend, Marshall Johnson, here with me. |
| 1:07.6 | And this is our opportunity to cover one of those weekend reading articles with you that we send out every Friday. |
| 1:13.1 | You can sign up at RetirewithPurpose.com. |
| 1:15.5 | We're going to be covering an article here from Kiplinger, and it is titled, Worried about passing down a big IRA, consider a CRT. |
| 1:25.3 | That's all we need is more acronyms, right? Just confuse everybody. |
| 1:28.5 | CRTs, IRAs. RMDs. Darn it. But there's good value in there. And unfortunately, |
| 1:35.3 | you know, the financial world is so complicated. I mean, it's like the IRS created the financial. |
| 1:40.5 | Oh, they did. That's why it's so complicated. It is a very complex world. And it's |
| 1:47.4 | just continuing to get more and more complicated as we just see laws compound on top of other |
| 1:53.6 | laws and acts, et cetera. So what do these things mean? An IRA is your individual retirement account, |
... |
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