Starting with a $1,000,000 IRAif you do NOTHING, your tax on inheritance today will be $240,000 and taxes 10 years from now is $429,803.
If you split the $1,000,000 to $400,000 in IRA + $600,000 in a Fixed-Indexed Annuity (FIA), you only pay $171,921 for the IRA and $16,926 for the FIA on tax on inheritance 10 years from now, totaling $188,847 in taxes. That's $240,956 less in taxes 10 years from now.
Using the $600,000 FIA, you may withdraw $60,000 (10%) every year penalty free and purchase a 10-Pay Max Pay Indexed Universal Life Insurance Policy (IUL) which will incur $0 taxes on inheritance today and $0 taxes on inheritance 10 years from now.
With the insurance policy you gain an additional $637,356 tax-free death benefit