July 21, 2011. Getting Personal: Retirement Savings New Focus For Tax Advisers (Wall Street Journal). The new, higher threshold for the federal estate tax has many heirs happily thinking they won’t have to surrender a big piece of their inheritance. They may need to think again if they’re in line to receive a lot of money from tax-protected retirement accounts like 401(k)s and IRAs. The taxes can be substantial for someone who inherits some kinds of those accounts or annuities, U.S. savings bonds, interest, dividends and other holdings. As more people accumulate wealth through retirement savings, tax planners are spending more time working with them to reduce the potential future tax impact for their children…
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