Jack Phelps, founder of The Relaxing Retirement Coach, discusses the passing of an IRA to a beneficiary, and evaluates the various options available during this period.
Wellesley, MA – August 15, 2011 – Jack Phelps, founder of The Relaxing Retirement Coach, a Retirement Coaching company, recently published a blog on his website (http://www.theretirementcoach.com) urging beneficiaries to know all of their options before they inherit an IRA. The blog, titled “Landmines When Inheriting Your IRA,” notes that many beneficiaries make uninformed choices, which can cost them hundreds of thousands of dollars in taxes.
Jack Phelps writes, “Imagine that. You work your entire life. You diligently save your money. You select sound investments. You do everything right and with one phone call to an uninformed company representative, 35-40% of your hard-earned savings is gone in one shot!”
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 blog can be found at http://www.theretirementcoach.com/blog/landmines-when-inheriting-your-ira-3.php
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.