Americans held $33 trillion in individual retirement accounts in 2022, and many of those IRA holders have yet to withdraw their funds and pay taxes on them. With the total debt of the U.S. federal ...

Inherited IRAs and spousal IRAs are two different types of accounts that you can use for retirement planning. An inherited IRA is created when someone inherits that account, often from a non-spouse. A ...

Inherited retirement accounts that once felt like a windfall are now coming with a firm deadline to pull money out, and the ...

Taking IRA distributions is often confusing, more so if you are inheriting an IRA. Part of the reason I eventually became a financial planner is due to my own experience trying to find accurate advice ...

We have gone several years waiting for our friends at the IRS to issue updated guidelines on how to treat inherited IRAs and Roth IRAs. Due to the absence of clarity from the IRS, there arose a wild, ...

Starting in 2025, certain heirs with inherited individual retirement accounts must take required withdrawals every year or face an IRS penalty. The rule covers most non-spouse beneficiaries if the ...

It’s been over two years since the original Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted, and some Individual Retirement Arrangements (IRA) beneficiaries still ...

In Private Letter Ruling 201943020 (released Oct. 25, 2019), the Internal Revenue Service considered the tax implications of a trustee-to-trustee transfer between individual retirement accounts in ...

There has been a change to inherited individual retirement account rules which mandates that certain heirs must take required withdrawals each year or face an IRS penalty. Starting in 2025, certain ...