How Retirees With Full Income Coverage Should Think About Investing for Heirs

Summary

A retiree whose Social Security and pension fully cover expenses asks whether they should invest their IRA and taxable accounts aggressively based on their heirs' ages, since the funds are destined for charity, gifts, and inheritance. The Wealth Wise columnist advises that while the retiree can afford more risk due to not needing the money for living expenses, the investment strategy should still be guided by the retiree's own timeline and risk tolerance, not the heirs'. The column explores tax-efficient gifting strategies, the benefits of Roth conversions, and the importance of coordinating with estate planning goals.

Source

bskyHow Retirees With Full Income Coverage Should Think About Investing for Heirskiplinger.com