BobTheTaxMan

…Exchanging the IQD in a high amount is going to be a costly event…to give up half of it just because you want to panic isn’t good thinking at all…they do want to add an extra 3% tax on anybody who cashes in more than a million.  Any funds and properties you acquire could be exposed to estate taxes on your passing.  That’s the nasty part.  Determining a plan before the revaluation could literally save you millions in taxes.  It could provide you a lifetime of income and offer potential tax-free exchange… [NOTE – Consult your financial and tax professionals at the appropriate time to build the tax and exchange plan best for your unique circumstances.]