The Balaban Group, an independent life-insurance, benefits, and estate-planning firm serving affluent families since 1986, ...

My Oak Partners practice is a useful source of inspiration for the column, serving such a wide variety of investors and families with unique planning needs, I figure if I ...

Understanding the rules of an inherited IRA is crucial to getting the most out of one of the best IRA accounts while avoiding IRS penalties. Here is an overview of inherited IRA rules in 2024.

There's an inherited IRA rule change for 2025 that could trigger a 25% tax penalty for certain heirs. ... adult children — if the original IRA owner reached RMD age before their death.

These EDBs all qualify for the stretch IRA, but they are not all alike. For example, those who inherited from someone who died before their RBD can also elect the 10-year rule.

If the original Roth IRA was open for at least five years, you can withdraw the funds tax-free. Otherwise, earnings are taxable. Inherited Roth IRA rules for nonspouses.

Naming IRA Beneficiaries . After inheriting an IRA, a beneficiary’s naming of their own beneficiary or beneficiaries is just as important for non-spouses (and spouses) as it was for the original ...

The original account holder’s Roth IRA custodian can help you understand your options, but they can’t give you advice or recommendations. Inheriting a Roth IRA as a Non-Spouse .

An inherited IRA is a tax-advantaged investment account that a person or entity opens to place the money that they've inherited from a deceased loved one's retirement plan.

If you are the spouse of the original account owner, you can roll over an inherited IRA into your own IRA. If you're a non-spouse beneficiary, you must cash out the assets in the inherited IRA ...