Edward Jones Advertorial featured monthly > edwardjones.com | Member SIPC DON'T LEAVE YOUR IRA TO THE IRS You can get retirement income from your IRA but what if you don't use it all? If you leave the remainder to your grown children, could they face taxes? It's possible. Until a few years ago, beneficiaries could stretch out the mandatory withdrawals from an IRA over their lifetimes, resulting in smaller annual tax bills. But new legislation changed this lifetime limit, so some beneficiaries may now have to take taxable withdrawals each year for a decade following the passing of the IRA's account owner. Not all beneficiaries are subject to the new rules. But to help protect those who are, you may want to consider a couple of moves. For example, you could use a permanent life insurance policy to provide your children with enough funds to possibly offset the IRA taxes. And if you leave assets from a taxable account, such as stocks and bonds, your beneficiaries could sell them immediately, avoiding capital gains taxes, and use the proceeds to help with taxes from the IRA. In any case, consult with your tax advisor before making any moves related to an inherited IRA. And the sooner you start planning, the better. This content was provided by Edward Jones for use by David Bousquet your Edward Jones financial advisor at 201 Allegheny Avenue, Suite 2, Oakmont PA 15139. Member SIPC Edward Jones, Member SIPC Think CDs are boring? That's the point. Bank-issued, FDIC-insured 3-months APY* 5.10% Finding a great rate on a CD is nice, but to get the most from your CDs, you need a strategy. Get in touch to learn more. Please contact us if you have $1,000 or more to invest. *Annual Percentage Yield (APY) effective 07/29/24. CDs offered by Edward Jones are bank-issued and FDIC-insured up to $250,000 (principal and interest accrued but not yet paid) per depositor, per insured depository institution, for each account ownership category. Please visit www.fdic.gov or contact your financial advisor for additional information. Subject to availability and price change. CD values are subject to interest rate risk such that when interest rates rise, the prices of CDs can decrease. If CDs are sold prior to maturity, the investor can lose principal value. FDIC insurance does not cover losses in market value. Early withdrawal may not be permitted. Yields quoted are net of all commissions. CDs require the distribution of interest and do not allow interest to compound. CDs offered through Edward Jones are issued by banks and thrifts nationwide. All CDs sold by Edward Jones are registered with the Depository Trust Corp. (DTC). David Bousquet Financial Advisor Office: 412-828-2437 Edward Jones 201 Allegheny Avenue Suite 2 Oakmont, PA 15139 Edward Jones Advertorial featured monthly > edwardjones.com | Member SIPC DON'T LEAVE YOUR IRA TO THE IRS You can get retirement income from your IRA but what if you don't use it all ? If you leave the remainder to your grown children , could they face taxes ? It's possible . Until a few years ago , beneficiaries could stretch out the mandatory withdrawals from an IRA over their lifetimes , resulting in smaller annual tax bills . But new legislation changed this lifetime limit , so some beneficiaries may now have to take taxable withdrawals each year for a decade following the passing of the IRA's account owner . Not all beneficiaries are subject to the new rules . But to help protect those who are , you may want to consider a couple of moves . For example , you could use a permanent life insurance policy to provide your children with enough funds to possibly offset the IRA taxes . And if you leave assets from a taxable account , such as stocks and bonds , your beneficiaries could sell them immediately , avoiding capital gains taxes , and use the proceeds to help with taxes from the IRA . In any case , consult with your tax advisor before making any moves related to an inherited IRA . And the sooner you start planning , the better . This content was provided by Edward Jones for use by David Bousquet your Edward Jones financial advisor at 201 Allegheny Avenue , Suite 2 , Oakmont PA 15139 . Member SIPC Edward Jones , Member SIPC Think CDs are boring ? That's the point . Bank - issued , FDIC - insured 3 - months APY * 5.10 % Finding a great rate on a CD is nice , but to get the most from your CDs , you need a strategy . Get in touch to learn more . Please contact us if you have $ 1,000 or more to invest . * Annual Percentage Yield ( APY ) effective 07/29/24 . CDs offered by Edward Jones are bank - issued and FDIC - insured up to $ 250,000 ( principal and interest accrued but not yet paid ) per depositor , per insured depository institution , for each account ownership category . Please visit www.fdic.gov or contact your financial advisor for additional information . Subject to availability and price change . CD values are subject to interest rate risk such that when interest rates rise , the prices of CDs can decrease . If CDs are sold prior to maturity , the investor can lose principal value . FDIC insurance does not cover losses in market value . Early withdrawal may not be permitted . Yields quoted are net of all commissions . CDs require the distribution of interest and do not allow interest to compound . CDs offered through Edward Jones are issued by banks and thrifts nationwide . All CDs sold by Edward Jones are registered with the Depository Trust Corp. ( DTC ) . David Bousquet Financial Advisor Office : 412-828-2437 Edward Jones 201 Allegheny Avenue Suite 2 Oakmont , PA 15139