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When I first started learning about Individual Retirement Accounts, one thought I had on Roth was how long can income from a Roth IRA stay tax free? I was hopi
by newjersey 11y ago
When I first started learning about Individual Retirement Accounts, one thought I had on Roth was how long can income from a Roth IRA stay tax free?
I was hoping the answer would be in perpetuity. Sadly, it seems that the longest you can draw it out is until the death of one's surviving spouse.
Imagine how glorious it would be if you could stow away about $5k of post tax income every year and invest it in some stock index fund if you could give it to someone upon death. Of course, it wouldn't be a retirement account anymore though.
- csense 11y agoTrusts are sort of like this. I think the key is you have to have signed away the money irrevocably to the legal entity of the trust, so it's totally out of your control when you die and thus not taxed with your estate.