When a loved one dies it is not uncommon that financial mistakes are made. The main reason for this is that major decisions are made when survivors aren’t thinking clearly.

One of the most crucial and far-reaching mistakes that are made results from the rolling over of retirement accounts held in the deceased’s name.

The beneficiary of these funds may be heavily taxed if transfers are done incorrectly.

“Retirement accounts are like egg shells, once you crack them the game is over.” So consult with a retirement or tax specialist who can help insure mistakes are not made. We suggest reading up on this topic especially if you are a beneficiary of elderly parents.

It is important to be knowledgeable in this area. At Kline’s Investment Services we have experience in estate and retirement issues. Please call us to discuss your personal situation. We are here to help and we never charge a fee for a consultation visit. Please call us at (330) 673-2988 or Contact us.