Using Portability for Retirement Benefits

Using Portability for Retirement Benefits

Under ATRA, IRA owners can have their cake and eat it too

The American Taxpayer Relief Act of 2012 (ATRA)1 made the applicable exclusion amount (estate tax-exempt amount) permanent at $5.25 million, indexed for inflation. It also made portability permanent.2

For this purpose, “permanent” doesn’t mean that the estate tax-exempt amount will never change. Indeed, the Obama administration has proposed reducing the e

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