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Inherited Ira

All articles tagged with #inherited ira

finance2 months ago

Essential Tips to Maximize Your Inherited IRA and Avoid Penalties

Inherited IRA owners, especially non-spouses, should be aware of complex IRS rules like the 10-year rule and RMD requirements to avoid costly penalties and taxes. Proper planning involves understanding these rules, managing tax implications over the distribution period, and adjusting investments to match personal goals and risk tolerance to maximize the inheritance.