Lathrop GPM Partners Allie Itami and Beth Morrison co-authored an insightful article in the latest issue of the Society of Trust and Estate Practitioners (STEP) Journal, titled “Eye on Retirement.” The piece examines the powerful opportunities and critical limitations of using Individual Retirement Accounts (IRAs) for wealth accumulation and transfer in the U.S.
Drawing on their deep experience in trusts and estates, Allie and Beth highlight key considerations for advisors and investors, including:
- The tax advantages of traditional and Roth IRAs for long-term growth and estate planning
- The risks of prohibited transactions, especially when investing in alternative assets like private equity, real estate or collectibles
- Strategic uses of Roth conversions to reduce taxable estates
- The importance of careful beneficiary planning, particularly when trusts or non-U.S. spouses are involved
Their article offers a valuable roadmap for navigating the complex rules governing IRAs, ensuring clients can maximize benefits while avoiding costly pitfalls.
Read the full article in the STEP Journal here: Eye on Retirement