Inheriting money is often welcome, but if it’s a retirement account, beneficiaries need to be aware of new rules effective in 2025 or end up potentially paying a steep penalty to the IRS. New rules ...

The IRS’ interpretation of the 10-year clean-out rule on inherited IRAs can be complicated.

If you're expecting to inherit an IRA from a parent or other relative, the distribution rules have fundamentally changed in ways that could significantly increase your tax burden. The SECURE Act of ...

Do the rules change? Imagine 25-year-old Candace, who just lost a favorite uncle at 70. He had no children of his own and left behind a Roth IRA worth $1.5 million to her. She's not sure what to do — ...

What are the rules regarding inherited IRAs? My brother and I recently inherited our father’s IRA when he passed away late last year and would like to know what we need to do to handle it properly.

I’ve written several articles about the advantages of Roth IRAs, but I have never discussed the beneficiary rules, which ...

A recent WSJ article highlights a critical alert for beneficiaries who inherited traditional IRAs after 2019: the window to take distributions is limited and time-sensitive. Under the post-SECURE Act ...

If you inherited an IRA, that windfall may cost you money if you aren’t careful. That’s because there are rules surrounding inherited IRAs to ensure the money is eventually taxed and the IRS is paid.

Individual retirement accounts (IRAs) and employer-sponsored retirement plans allow you to save in a tax-deferred account with the goal of providing income during retirement years. But what happens to ...

Dear Savvy Senior: What are the rules regarding inherited IRAs? My brother and I recently inherited our father’s IRA and would like to know what we need to do to handle it properly. — Oldest Sibling ...

Inheriting an IRA from someone who was not your spouse can feel like a financial gift — until you meet the maze of rules that come with it. The IRS doesn’t exactly hand out user manuals, and one wrong ...