Navigating Inherited IRA Rules
Update: 2025-12-09
Description
Navigating Inherited IRAs: Understanding RMDs, the Ten-Year Rule, and Beneficiary TypesThis podcast episode delves into the complexities of managing an inherited Individual Retirement Account (IRA). It highlights the importance of understanding terms like required minimum distributions (RMDs) and the ten-year rule, which dictate mandatory withdrawals and the timeframe for withdrawing funds. The episode also emphasizes the need for financial advice to avoid costly mistakes, such as being pushed into a higher tax bracket by large, immediate withdrawals. It categorizes beneficiaries into three types: spousal, eligible designated, and designated beneficiaries, each with different rules for managing the inherited account. The episode also underscores the value of tax-deferred earnings and the importance of naming your own beneficiaries to ensure the account aligns with your wishes.
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