Inheriting an IRA? Advisors warn these 3 costly mistakes could drain far more of your windfall than you expect

For example, some beneficiaries choose to only take the RMDs and end up with a large remaining balance in year 10, which then ...
AOL

Tax Day Countdown: Rules You Need To Know Regarding Inherited IRAs

Few people would complain about receiving an inheritance, including one in the form of an IRA. However, if you do inherit the retirement plan of a loved one, there are some rules you have to follow ...

I inherited my mom’s IRA and still need to take $10K in required minimum distributions in 2025, but there’s no cash. What do I liquidate?

Take Becka, a hypothetical married mother of three who inherited her mom’s individual retirement account (IRA). She needs to ...
The Mercury

PERSONAL FINANCE: Navigating new distribution rules with inherited IRAs

An inherited individual retirement account (IRA) is a potential financial windfall that may create new opportunities to achieve your financial goals. If you are a beneficiary currently or expect to be ...
24/7 Wall St.

The End of 2025: 3 Must-Know SECURE Act Changes for RMDs and Inherited IRAs

The SECURE Act of 2019 and the SECURE Act 2.0 of 2022 all but fundamentally changed retirement account rules in ways that continue to catch both retirees and their beneficiaries by surprise. The ...
The Union

Glenn Kenes: Navigating new distribution rules with inherited IRAs

An inherited individual retirement account (IRA) is a potential financial windfall that may create new opportunities to achieve your financial goals. If you are a beneficiary currently or expect to be ...

Many Americans make this 1 mistake with their 401(k)s and IRAs. Here's how to avoid leaving a headache for your heirs

For example, spouses who inherit an IRA or 401 (k) can roll that money into their own account. Depending on how old the ...
AOL

Inheriting a Parent's IRA? Here's What You Need to Know

The rules for inherited IRAs can be complicated. Generally, you need to withdraw the account balance in 10 years. You also need to be mindful of required minimum distributions. Losing a parent can be ...
Nasdaq

Ask an Advisor: Do I Have to Take RMDs from the IRAs That I'm Inheriting from My Mother?

I’m sorry to hear about your mom's passing. Required minimum distributions (RMDs) from inherited IRAs are one of the most confusing things that most people will have to deal with. That's partially ...