Inherited IRA rules: 7 key things to know 1. Spouses get the most leeway If someone inherits an IRA from their deceased spouse, the survivor has several choices of what to do with it: Treat the IRA as if it were your own, naming yourself as the owner. ...
Spouses have more flexibility in how to handle an inherited IRA. For one, they can roll over the IRA, or a part of the IRA, into their own existing individual retirement accounts. The advantage of this rollover is the ability to deferrequired minimum distributions (RMDs)of the funds until ...
[ ]calculating the appropriate RMD amount in 2021 and 2022 will be more challenging for taxpayers and tax practitioners [ ]the COVID-19 pandemic along with the increasing costs and shortages associated with long-term care have created a difficult financial environment for seniors [Sean Fleming, ...
Like retirees, heirs generally face a penalty for missing an RMD or not withdrawing enough. The penalty is 25% of the amount that should have been withdrawn or 10% if the RMD is corrected within two years. Amid confusion, the IRSwaived the penalty in 2022for missed RMDs for some inherit...
Untangling the Inherited IRA Rules, Part II 来自 EBSCO 喜欢 0 阅读量: 4 作者:RL Russell,SL Betzer 摘要: [ ]calculating the appropriate RMD amount in 2021 and 2022 will be more challenging for taxpayers and tax practitioners [ ]the COVID-19 pandemic along with the increasing costs and ...
Although the RMD rules apply toRoth 401(k)accounts, they do not apply toRoth IRAs.3 Required Beginning Dates (RBDs) and Inherited Accounts Retirement account holders specifybeneficiariesfor their accounts in the event of their death. In these cases, the required beginning date and any existing ...