Table of contents Back to top An inherited IRA may be the most complex issue to handle well when wrapping up an estate. If you’ve recently inherited anindividual retirement account, you can find yourself at the tricky three-way intersection of estate planning, financial planning and tax planni...
Roll over inherited funds into your personal, like-kind IRA. For instance, if you inherit proceeds from your late spouse's traditional IRA, you may roll over those proceeds to your own traditional IRA. RMD: Required minimum distributions are based on your age and are calculated using the IRS...
The rules work differently for IRAs that you inherit. Before the SECURE Act, most beneficiaries had to take RMDs. But they could reset the RMD clock, so to speak, by using their own ages—presumably much lower than the deceased’s—and life expectancies to calculate the size of the require...