Leaving the Wrong Beneficiary on Your IRA Plan Can Be a Costly Mistake

*Don’t name your estate as heir. A retirement account’s heir typically must be a person (or a trust benefiting a person) for ...

Roth IRA Beneficiary Options: Guide for Spouses and Non-Spouses

Explore your options as a Roth IRA beneficiary, from spousal transfers to required withdrawals, depending on your relationship to the original account holder.

Inherited IRA Rules: Understand Tax Implications for Spouses & Non-Spouses

Explore inherited IRA rules. Learn how tax regulations impact spouses and non-spouses under the SECURE Act. Understand your options for inheriting IRA funds.

I was the beneficiary of my late wife’s IRA and 401(k) — but I want our kids to get the cash. Do I still have to take minimum distributions one day?

I was the beneficiary of my late wife’s IRA and 401 (k) — but I want our kids to get the cash. Do I still have to take ...

I was the beneficiary of my late wife’s IRA and 401(k) — but I want the kids to get the cash. Can I avoid taking RMDs?

Untangling their finances after they die only adds to the strain — particularly when it comes to retirement accounts. Imagine ...

A financial firm gave me the wrong advice about my inherited IRA. Should I get a lawyer?

Recently I was the spousal beneficiary of my wife’s IRA. I went over the options with the major financial group holding the ...

I’m in my 70s. Should I take the tax hit and withdraw all of my inherited IRA to avoid required minimum distributions?

Recently, I’ve wondered if it makes sense to transfer the inherited IRA to a non-retirement account, take the tax and ...

Don't get hit with a 25% penalty: What the new IRS rule means for inherited IRAs

As the largest wealth transfer in American history accelerates, many heirs stand to inherit more than just assets, they may ...
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 ...

My dad died 30 years ago, but I just found an old IRA with a $30K balance in his name. Can I still claim that cash — and will it all still be there?

Let’s say, for example, that you just discovered your deceased father’s Individual Retirement Account ( IRA ), which had ...
AOL

I just inherited a $700k IRA – How should I handle the mandatory RMDs over the next decade?

To calculate your RMD, the IRS will use a formula that includes your total account balances, your age, your life expectancy, and your beneficiary life expectancies. If you inherit an IRA for someone ...
Law

Brace Yourself: RMDs Are Coming

John Paul D. Dziuba II of CSG Law. Courtesy photo Almost four years after the SECURE Act went into effect, plan administrators, tax practitioners, and certain inherited IRA beneficiaries finally have ...