Total U.S. retirement assets were $24.8 trillion as of June, 30, 2015–$7.6 trillion of it held in individual retirement accounts. As baby boomers retire and roll their 401(k)s into IRAs, the amount held in IRAs will grow. While much of the IRA hoard will be spent by retirees, a good chunk will be left for heirs. Here’s what you need to know about making an IRA (and its tax benefits) last longer for your family. For how to get money out of an IRA early, without penalty, click here.
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