A strategy to save on taxes, preserve principal

03/6/2013 | Wall Street Journal, The

Financial adviser Barbara Bencini found a strategy that worked for a client with a sizable lump-sum pension payout who was extremely risk-averse and tax-averse, and who wanted to leave money behind for his children. Bencini advised him to convert the money to a Roth IRA and buy a variable annuity within the IRA. The plan required a one-time, upfront tax payment, which the client made with other money.

View Full Article in:

Wall Street Journal, The

Published in Briefs: