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 ...

These inherited IRA mistakes could reduce your windfall, advisors say. How to avoid them

The rules for inherited IRAs can be complicated, and mistakes are costly. Here some of the biggest missteps and how to avoid them.

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’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 ...

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.

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 ...

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 ...
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Inherited IRA vs. Spousal IRA

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 ...
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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 NBC 5 for free, 24/7, wherever you are. However, a lesser-known change for 2025 could trigger a costly surprise ...
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These big inherited IRA mistakes can shrink your windfall — here's how to avoid them

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 $127,534 ...
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There's a ‘big change' for inherited IRAs in 2025, advisor says. Here's how to avoid a penalty

Starting in 2025, certain heirs with inherited individual retirement accounts must take required withdrawals every year or face an IRS penalty. The rule covers most non-spouse beneficiaries if the ...