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

If you're inheriting an IRA, you might think you can let that money sit and grow until you need it. But there are rules ...

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 ...
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 ...
NBC Bay Area

There's a ‘big change' for inherited IRAs in 2025, advisor says. Here's how to avoid a penalty

However, a lesser-known change for 2025 could trigger a costly surprise penalty, financial experts say. Starting in 2025, certain heirs with inherited IRAs must take yearly required withdrawals while ...
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 ...

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?

The easiest way for Stan to manage this situation may be to roll his late wife’s 401 (k) and Roth IRA investments into his ...

Did You Miss These 3 Required Minimum Distribution (RMD) Rule Changes From 2024?

In return, the Internal Revenue Service (IRS) expects to eventually recoup the taxes from you when you make withdrawals from these accounts in retirement. To avoid a situation where someone doesn't ...

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 ...
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 ...

Roth IRA Benefits After Retirement: Tax-Free Withdrawals and Wealth Transfer

Discover the tax benefits and withdrawal flexibility of Roth IRAs for retirees, including contributions, tax-free earnings, and strategies for passing wealth to heirs.
NBC 10 Philadelphia

There's a ‘big change' for inherited IRAs in 2025, advisor says. Here's how to avoid a penalty

Inheriting an individual retirement account is a windfall for many investors. However, a lesser-known change for 2025 could trigger a costly surprise penalty, financial experts say. Starting in 2025, ...
NBC Los Angeles

There's a ‘big change' for inherited IRAs in 2025, advisor says. Here's how to avoid a penalty

Inheriting an individual retirement account is a windfall for many investors. Stream Los Angeles News for free, 24/7, wherever you are. WATCH HERE However, a lesser-known change for 2025 could trigger ...