What You Need to Know About the Rules for Inherited IRAs

Key Takeaways   Most non-spouse beneficiaries of an IRA or employer-sponsored plan must fulfill their required minimum distribution obligation and distribute the full account within 10 years. Many of the new rules around RMDs and IRA distribution also apply to trusts named as an IRA beneficiary. The rules around using trusts for IRA beneficiaries are…

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Inherited IRA Rules & SECURE Act 2.0 Changes

Losing a loved one is always difficult. Understanding the rules of money passage during this time is especially important. One way wealth passes from generation to generation is through inherited IRAs. When it comes to these individual retirement accounts (IRAs), it’s important to understand the rules that have recently changed related to the Setting Every…

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