People who inherited retirement accounts in recent years finally have guidance from the Internal Revenue Service on how to ...

If you’ve inherited an individual retirement account, you may have big plans for the balance — but costly mistakes can ...

potentially lowering their tax obligations. This end to the "stretch IRA" strategy means you need a more calculated approach to managing any inherited funds. Here are some key strategies for ...

When you inherit a Roth IRA, the money you receive gets the same tax-advantaged treatment as the original account. Because the money was contributed on an after-tax basis, you can withdraw the ...

You also sacrifice 10 years of potential tax-deferred growth within the IRA. You can force yourself into a higher tax bracket. On the other end of the spectrum, you can opt to draw your payments ...

These distributions are taxable at your regular income tax rate. If you’ve inherited a Roth IRA, you also must take these minimum payouts, but the amounts won’t count as taxable income ...

Socking away money for retirement is something that’s top of mind for many people. Here's what to know about traditional and ...

If you inherit an IRA for someone who passed in 2024, and you’re a non-spouse beneficiary, you must start taking RMDs by December 31, 2025. If you inherit it as a spousal beneficiary ...

Before the Secure Act of 2019, heirs could empty inherited IRAs over their lifetime to reduce yearly taxes, known as the "stretch IRA." Feeling out of the loop? We'll catch you up on the Chicago ...

If you've inherited an individual retirement account, you may have big plans for the balance — but costly mistakes can quickly shrink the windfall, experts say. The average IRA balance was $ ...