Retirement Coach Jack Phelps Publishes New Article Revealing The Common Tax Tragedy That Occurs When Inheriting an IRA
Jack Phelps, founder of The Relaxing Retirement Coach, shares a real life case study where kids lose 45% of their father’s IRA to taxes.
Wellesley, MA– August 29, 2013 – Jack Phelps, founder of The Relaxing Retirement Coach, a Retirement Coaching company, recently published an article on his website (http://www.theretirementcoach.com) illustrating the consequences of your children being uninformed when they inherit your IRA.
In his article titled “Will Your Kids Lose 45% of Your IRA”, Jack Phelps writes, “Depending on their own personal tax brackets, it’s likely that they gave up 40-50% of their share in federal and state income taxes in one fell swoop!”
The Relaxing Retirement Coach, Inc. provides their members with the ‘missing structure’ they need to make a seamless and relaxing transition to their retirement years so they can confidently do everything they want to do without worrying about money. Their Relaxing Retirement Coaching Program™ provides members with a personalized, one-on-one retirement coaching relationship with constant attention to each and every detail necessary for them to consistently enjoy a relaxing retirement experience.
The entire article can be found here.
To learn more about The Relaxing Retirement Coach, Inc., please visit http://www.theretirementcoach.com.
About Jack Phelps
Prior to developing The Relaxing Retirement Coaching Program™ back in 1994, Jack spent five years as a registered representative with Prudential Financial Services. In 1989, Jack graduated from Holy Cross College in Worcester, Massachusetts with a B.A. in Economics.