Sentences with phrase «status of the retirement assets»

Not exact matches

Recipients will not attribute to an individual claiming disadvantaged status any assets transferred by that individual to an immediate family member that are consistent with the customary recognition of special occasions, such as birthdays, graduations, anniversaries, and retirements.

But as someone who works in the financial field, what I often see that occurs is that the bulk of people's retirement money and ultimately their estate is in tax - deferred accounts (Traditional IRA, SEP IRA, 401 (k), etc.) While the tax - deferred status of these accounts may allow these assets to grow more rapidly than other funds you might own and you get a deduction upfront, it can actually become problematic.

Most retirement plans out there are tax - deferred, and so is a Traditional IRA, so you may be able to maintain the tax - deferred status of the assets you have in an old retirement plan.