Beneficiary 101 | Retirement Talk Ep 35 – LaTour Asset Management

In this episode of LaTour Retirement Talk, Jim Margraf and Josh LaTour explain what beneficiaries need to know when inheriting retirement accounts. They discuss why beneficiary designations are so important, how they can override wills and trusts, and what happens when someone inherits a traditional IRA or Roth IRA. Jim and Josh cover the 10-year rule for many non-spouse beneficiaries, the special options available to spouses, the risks of 60-day rollovers with inherited IRAs, and how required minimum distributions may apply during the inheritance period. They also explain why tax strategy matters when receiving inherited funds and why beneficiaries may need to adjust investments based on their own goals and stage of life. Timestamps: 00:02 - Welcome to LaTour Retirement Talk 03:39 - Why beneficiary designations matter 04:26 - Beneficiary forms versus wills and trusts 06:18 - What happens when you inherit an IRA 07:30 - The end of the stretch IRA 08:50 - Exceptions to the 10-year rule 10:15 - Spouse beneficiary options 12:10 - Non-spouse beneficiaries and inherited IRAs 12:42 - Why 60-day rollovers can be costly 16:11 - Inheriting a Roth IRA 19:33 - Required minimum distributions during the 10-year rule 22:56 - RMD age changes under the Secure Act 24:45 - Penalties for missed RMDs 26:08 - Why professional guidance matters 27:26 - How to contact LaTour Asset Management 📞 Have questions? Need advice? Contact us to set up a consultation today! 👉 Call us at 417-614-5402 👉 Visit us at https://latourasset.com Don't forget to subscribe to our YouTube channel for more financial tips and insights! Let us know your thoughts on the topics discussed or give us any feedback to make the future episodes better! #FinancialPlanning #RetirementPlanning #WealthManagement #EstatePlanning #LegacyPlanning #FinancialAdvice #FinancialEducation #MoneyManagement #InvestmentStrategies #Trusts #Wills #Probate #FinancialAdvisor #Retirement #Taxes #Inheritance #IRA #LifeInsurance #FamilyLegacy #FinancialSecurity #FuturePlanning #retirement #retirementplanning #TaxPlanning #TaxCutsAndJobsAct #JimMargraf #JoshLaTour #Springfield #Missouri Investment Advisory Services offered through LaTour Asset Management, LLC, an investment advisor in the states of Missouri, Arkansas, Texas, and Alaska, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. Insurance products and services offered through LaTour Advisory Group Inc. LaTour Asset Management, LLC and LaTour Advisory Group Inc. are affiliated companies. LaTour Asset Management, Joe LaTour, Jim Margraf, and Josh LaTour are not affiliated with or endorsed by the Social Security Administration or any government agency. This content is for informational purposes only and should not be considered legal, tax, or investment advice. Investing involves risk, including possible loss of principal. Always consult a qualified advisor before making financial decisions.