Avoid Financial Ruin: The Top 3 IRA Mistakes That Could Cost You Thousands
The devil is in the details regarding Individual Retirement Accounts (IRAs). A seemingly small oversight can result in hefty penalties that could have been easily avoided. As a financial advisor, I’ve repeatedly seen clients stumble over these pitfalls. Let’s delve into the three most common yet costly IRA mistakes. The Perils of Incorrect Beneficiary Designation One of the most overlooked aspects of IRA management is the beneficiary designation. Remember, your IRA doesn’t pass through your …