Is Your IRA an IOU to the IRS?

Few investors realize that the federal government is the primary beneficiary on their retirement accounts and that unless they take specific steps to “disinherit” Uncle Sam, they could sacrifice from 35 to 80 percent of their nest egg to taxes.  Many are under the impression that a living trust will protect against unnecessary taxation, but in some cases a trust could actually cause an increase in taxes and accelerate taxes on IRA, 401(k) and other tax deferred retirement accounts. Learn how to preserve your hard-earned retirement savings.