Inherited IRAs and spousal IRAs are two different types of accounts that you can use for retirement planning. An inherited IRA is created when someone inherits that account, often from a non-spouse. A ...

Structurally speaking, an inherited IRA is the same as a regular IRA. In other words, assets in the account grow tax-deferred, and distributions are either fully taxable, in the case of inherited ...

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

The Secure Act of 2019 changed inherited IRA rules. Distribution time frames from inherited IRAs depend on whether you’re a spouse. Required minimum distributions from an inherited IRA could be ...

Starting in 2025, certain heirs with inherited individual retirement accounts must take yearly required withdrawals or face a penalty. But some non-spousal beneficiaries should consider taking ...

When navigating a loss, the emotional toll can be overwhelming, and it can take a minute to even think about handling the practical side of things, like understanding how to manage the financial ...

When someone dies with money left in an Individual Retirement Account (IRA), the funds can get passed on to the person's loved ones through an inherited IRA. The recipient(s) may spend the funds ...

Missing a required withdrawal from an individual retirement account is not a minor paperwork error. It is a tax mistake that ...

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 ...

Inherited an IRA? Learn how to avoid big taxes and penalties. Know key terms like Roth IRA, Traditional IRA, RMDs, and the 10-year rule. Talk to a financial advisor, understand your beneficiary type, ...

After months of anticipation, someone in South Carolina has finally won the $1.54 billion Mega Millions lottery. If this is you, then no need to read on. The rest of you, stay with me. While the odds ...