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

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

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 ...

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 ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Once you reach the age of 73, you’re legally required to ...

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 ...

Under the tax law, death gets you out of pretty much everything except RMDs. Christine Benz: Hi, I am Christine Benz from Morningstar. Changes to the rules for withdrawals from inherited IRAs have ...

If you inherit a traditional IRA with contributions that have been made with pretax dollars, withdrawals are subject to taxes. Roth IRAs are funded with after-tax dollars, and withdrawals are ...

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

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 ...

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 $ ...

That way the government can collect taxes on your money ... age at which you’re expected to live. But what if you inherit a $700,000 IRA, for example? Let’s say you inherit an IRA for someone ...