Inheriting a retirement account is supposed to feel like security, not a tax trap. Yet the current inherited IRA regime can turn a windfall into a punishing series of deadlines, penalties and surprise ...

If you inherited an IRA from someone who died in 2019 or earlier, you're probably confused about the rules. You're ...

An inherited Roth IRA, also sometimes called a beneficiary IRA, is an account created for the beneficiary of a Roth IRA after the original account holder’s death. Inherited Roth IRAs do not inherit ...

An inherited Roth IRA is a retirement account you receive after someone passes away. The rules regarding an inherited Roth IRA are different from a regular Roth IRA. Withdrawing money has different ...

Inheriting an IRA from someone who was not your spouse can feel like a financial gift — until you meet the maze of rules that ...

Retirees whose IRAs become part of their estate assets bequeathed to surviving spouses and heirs are subject to specific IRS rules. There are several strategies that can be deployed to minimize taxes ...

As many regular readers of this column know, two significant laws have been enacted in recent years affecting retirement accounts. The SECURE Act of 2019 and the SECURE 2.0 Act (passed as part of the ...

According to the Investment Company Institute, the amount of assets in IRA accounts and employer defined contribution plans reached $29 trillion at the end of 2024. With this amount of wealth in ...

Taxpayers as above are required to make annual distributions from their IRAs, regardless of whether he or she is retired, which are then included in the taxpayers’ adjusted gross income (AGI) and ...

In a recent monthly column, Ed Slott reviewed the options of a young widow who is the beneficiary of an IRA. Following is a summary of the two main options available to a widow in this position. The ...