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An Inherited IRA: Some Things to Consider

Presented by Jane Bourette

Be sure you understand your options. When the owner of an IRA passes away, his or her heirs must be aware of the rules and regulations affecting the inherited IRA. Ignorance could lead you straight toward a tax disaster.

Please note that this is simply an overview. Rather than use this article as a guide, use it as a prelude before you talk to a financial services professional well-versed in IRA rules and regulations.

First, make sure you have actually inherited the IRA. Your spouse, parent or grandparent may have left their traditional or Roth IRA to you in a will, but that doesn't mean you have inherited it.

In all but rare cases, an IRA beneficiary designation form takes precedence over any bequest made in a will or living trust. (The same thing applies with annuities and life insurance policies.)1

Jane@CtoCFP.com www.CtoCFP.com
104 Crowell Road, Chatham, MA 02633
508.945.7500

30 Years at Nauset House and still Inn love with the Cape

by Diane Johnson

"It is wonderful to have personal hopes, but magic occurs when two people arrive at the same momentous dream together. That is what happened to my husband, Al, and me."

I wrote those lines in Dreaming Inn Cape Cod, a book celebrating our first twenty years at Nauset House, and the memories are still fresh, including the serendipitous encounter with people sitting next to us at a restaurant who knew that although Nauset House was not on the market, the owners were thinking of selling.

We visited, and as I wrote, "It took one look."

"Dream big dreams, then put on your overalls and make the dream come true." - Fred Van Amburg

Open mid-April through October

143 Beach Road
East Orleans, Cape Cod
800.771.5508 or 508.255.2195
www.nausethouseinn.com

Rebirth of an Entrepreneurial Nation: Entrepreneurial Elements of Success

by Sherri Mahoney-Battles

Most people contemplating starting their own business know that the failure rate for business start-ups is incredibly high. Indeed, more than fifty percent of start-up business will fail within the first five years.

Why do some businesses succeed while others fail? What are some of the trademarks of a successful business?

Typically, most people that start a business have developed a product or skill-set that they feel they could market.

Typically, most people that start a business have developed a product or skill-set that they feel they could market.

"Bringing Balance to Numbers"

Helping Cape Business Women
Find Solutions to their Tax Issues
for over 25 years

52 Cranberry Highway Orleans, MA
508 240 6740

sherilyn@taxingmatters.com
WWW.TAXINGMATTERS.COM

The Conservatory Blooms at the Nauset House Inn, Orleans

When "I Don't Know" is the only answer you need

by Debbie Ann Hagen

When someone asks me "What do you do?" I find it difficult to know how to answer them.

For many years it was easy. I was a mom, I was a nurse, I was a business woman, I was a shop keeper, I was a store clerk.

A few words of explanation and the question was answered. It was easy to define myself by tasks, by job description, by the work I did.

A year ago, all those easy answers changed.