Retirement Plan Benefits

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_Few Americans realize that upon death a significant portion of their retirement plans such as an IRA or 401 (k) may be distributed to the federal and state government in the form of estate income taxes.  Instead the BRC can be named as the beneficiary of all or part of the residual balance of qualified retirement plans.  You can also take withdrawals from the plan to make outright or life-income gifts to the BRC.