Beneficiary IRA Transfer Assistance
For a beneficiary who wants to maintain tax-deferral of an inherited IRA or other inherited retirement account, making the wrong election or signing the wrong form can result in the inherited amount becoming immediately taxable. This mistake can be costly and often unfixable. Avoid this mistake by using The Appleby Beneficiary Transfer Assistance Program.
The Appleby Beneficiary Transfer Assistance Program helps beneficiaries avoid ‘unintentional distributions’ and unintentional beneficiary elections.
Denise Appleby’s Beneficiary Transfer Assistance Program includes the following:
The Beneficiary Transfer Assistance Program does not include tax advice or legal advice.. Clients who use the Beneficiary Transfer Assistance Program agree that they have sought or will seek tax advice and legal advice regarding the inherited IRA.
Please contact Denise for assistance with your beneficiary transfer or beneficiary rollover from an employer sponsored retirement plan.
Fixing a mistake: If a mistake has already been made with an intended transfer and correction assistance is required, the fee starts at $2,500 and the final fee depends on the complexity of the error and the steps required to pursue a correction with the financial institution.