Born Before 1966? Move These 4 Assets Before Your Spouse Dies — Most Retirees Miss This

Born Before 1966? Before your spouse dies, there are 4 major assets you may need to review: IRA/401(k), Roth IRA, brokerage accounts, and a second property. The wrong beneficiary, ownership structure, or timing could create a much larger tax bill for your spouse or children. In this video, we explain retirement asset planning, inherited IRA taxes, Roth conversions, step-up in basis, beneficiary designations, second-property planning, probate, and the “widow’s penalty.” Learn what retirees should review while both spouses are still alive—and which mistakes could cost the family thousands or even much more. Always verify your situation with a qualified CPA, tax professional, and estate attorney. 00:00 4 Assets That Could Cost Your Family $100,000+ 01:05 The Tax Bill Most Couples Never See Coming 02:05 Why the First Spouse’s Death Isn’t the Biggest Tax Problem 03:05 How an IRA Can Create a Huge Tax Bill for Your Children 04:15 The “Widow’s Penalty” Most Retirees Never Plan For 05:10 Step Zero: Check Every Beneficiary Designation 06:00 Asset #1 — Traditional IRA & 401(k) 07:20 The 10-Year Inherited IRA Rule 08:20 How Roth Conversions Can Reduce Future Taxes 09:30 The Hidden IRA Trap: Social Security & Medicare Taxes 10:25 Asset #2 — Why Roth IRA Can Be So Powerful 11:35 The Roth 5-Year Rules You Need to Know 12:25 Asset #3 — Brokerage Accounts & Step-Up in Basis 13:35 The $24,000 Stock Mistake Families Make 14:25 Why You Should Think Twice Before Gifting Appreciated Assets 15:20 Asset #4 — Your Second Property Could Create a Huge Tax Bill 16:35 The Cabin & Vacation Home Mistake That Can Cost $100,000+ 17:40 Trusts, Probate & Property Ownership: What to Consider 18:35 Estate Tax, Inheritance Tax & Portability Explained 19:30 What Happens to Social Security After a Spouse Dies 20:20 Frank & Marilyn: Same Assets, Two Very Different Outcomes 21:15 The 4-Asset Checklist Every Couple Should Do Now 22:00 Final Warning: The Tax Bill Can Be Avoided—But Not Later #RetirementPlanning #EstatePlanning #TaxPlanning #Retirement #IRA #401k #RothIRA #InheritedIRA #SocialSecurity #Retirees #SeniorCitizens #TaxTips #EstatePlanningTips #WealthPlanning #RetirementTips #FinancialPlanning #Beneficiary #StepUpInBasis #Medicare #PersonalFinance