Books About Retirement Accounts and Estate Planning
This page features a list of books on estate planning and retirement accounts, such as traditional IRA's, Roth IRA's, 401K's, pensions, and lifetime income accounts such as annuities. Our list of books on the topic of estate planning and retirement accounts includes general overview books for consumers and complex legal, accounting, and tax guides for lawyers, CPA's, and financial advisors. Before selecting a book from the list below, review the following list of key estate planning issues to consider when making decisions about your retirement accounts.
How Your Retirement Accounts Impact Your Estate Plan
Your retirement plan is closely connected to your estate plan for several reasons. How you complete retirement plan paperwork and the investments you make as part of your retirement plan can have a significant impact on your surviving spouse, children, and other heirs. For example, by taking a few simple actions on your IRA account, you can pass certain retirement assets to named beneficiaries without going through probate. By learning about different types of IRA accounts, you may also be able to achieve significant tax savings for family wealth accumulation. Would you like to use your IRA to make charitable gifts? Are you aware of how required minimum distributions from your IRA will impact your estate? If you have a living trust, you should consult your attorney about how to name beneficiaries on your IRA account. See IRA’s and Your Estate Plan.If you are still working and contributing to your employer's 401k plan, you may not think there is much you can do with your retirement plan as it relates to estate planning. However, there are choices you can make and steps you can take regarding your workplace 401k account that will provide a better outcome for your spouse and children. If you have already retired but still have a 401k account, it is important to understand your options regarding different types of retirement accounts, including rollover options, and how they can affect your estate. For example, do you understand your spouse's rights in your 401k account? Are you aware of the opportunities to leave a tax-free inheritance for your children? For more details, go to 401k’s and Your Estate Plan.The key to any successful retirement plan is to be well informed so you can ask the right questions of financial advisers, bankers, 401k plan administrators, CPAs, and estate planning lawyers. Unfortunately, when it comes to retirement planning, many people are taken advantage of by financial advisers and brokers that are looking out for themselves instead of providing sound financial advice. To help avoid this, read as much information as you can about retirement plans, investment options, and how to develop an estate plan. For tips on how to evaluate a financial advisor, go to
find a financial planner.Prior to meeting with an attorney, accountant or financial advisor to review your estate plan, you may want to read several of the books listed below. They will explain how different types of retirement plans work and steps you need to take to ensure that assets in your accounts are distributed to those you want to inherit your estate. After learning more about different types of retirement accounts, you may decide to make changes to the type of accounts you use, your choice of investments, the beneficiaries named on your accounts or the financial institutions you use to hold your retirement funds.If an adviser, broker or insurance agent suggests you buy an annuity, do your own research first and carefully consider the terms and conditions before you sign any paperwork. If you are concerned about what your survivors or heirs will receive if you purchase an annuity, read the contract thoroughly and consult an attorney. Although you may be sold on how much monthly income you will receive from the annuity if you live a long time, do you understand what type of death benefits, if any, your beneficiaries will be paid if you pass away sooner than expected? To the extent you take money from your estate to buy an annuity, those funds will not be available to your surviving spouse, children or other heirs unless there are annuity death benefits payable to them as beneficiaries. For a list of questions to consider before buying an annuity, go to
Annuities and Your Estate Plan.Unused funds in your retirement accounts may make up a significant portion of the inheritances you leave for surviving family members. However, unless you understand the complicated distribution rules that apply to certain types of retirement accounts, you may not make the correct decisions in choosing which accounts to use, how to name beneficiaries, what type of tax strategy to implement, etc. For an overview of how your spouse, children, and other heirs may be affected by distributions rules for IRA accounts, go to Inherited IRA’s. For more information, refer to the list of books on estate planning for retirement accounts below.
List of Estate Planning Books on IRA's, 401k's, Annuities, and Other Retirement Accounts
1. IRAs, 401(k)s & Other Retirement Plans: Strategies for Taking Your Money Out by Twila Slesnick, PhD, and John C. Suttle2. Estate planning strategies: a lawyer's guide to retirement and lifetime planning by Jay A. Soled3. Estate and retirement planning answer book: forms and checklists by Donald R. Levy4. Inherited IRAs: what every practitioner must know, 2017, 3rd Edition by Seymour Goldberg5. The Retirement Savings Time Bomb . . . and How to Defuse It: A Five-Step Action Plan for Protecting Your IRAs, 401(k)s, and Other Retirement Plans from Near Annihilation by the Taxman by Ed Slott
6. Inheriting an IRA: How to Create a Lifetime of Paychecks by Michael J. Jones7. IRA Benefits Trusts Line by Line: A Detailed Look at IRA Benefits Trusts and How to Craft Them to Meet Your Needs by John C. Sawyer8. The New Rules of Retirement: Strategies for a Secure Future by Robert C. Carlson9. Parlay Your IRA into a Family Fortune: 3 Easy Steps for creating a lifetime supply of tax-deferred, even tax-free, wealth for you and your family by Ed Slott10. IRA Guide to IRS Compliance Issues: Including IRA Trust Violations by Seymour Goldberg
For a list of estate planning books on other issues, including making a will, living trust, and financial power of attorney, go to our Estate Planning Books page.The Pennyborn.com list of estate planning books on IRA, 401K, and annuity accounts was updated on August 24, 2017.