How Should I Handle an Inherited IRA?

<p class="Body" style="margin-bottom: 0in;"><span style= "font-size: 12.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-fareast-font-family: Arial;"> We’re in the middle of one of the largest wealth transfers in our country’s history as Baby Boomers pass on their estate to loved ones, and some of that money is coming in the form of an IRA. Rules regarding inherited IRAs have changed in the past few years so let’s take a few minutes to tell you what you need to do if you receive one.</span></p> <p class="Body" style="margin-bottom: 0in;"> </p> <p class="Body" style="margin-bottom: 0in;"><strong><span style= "font-size: 12.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-bidi-font-family: Calibri;"> Here’s what you can expect to learn in this episode:</span></strong></p> <ul> <li class="Body"><span style= "font-size: 12.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-bidi-font-family: Calibri;"> Certain people are able to take over the account as their own without any rules.</span></li> <li class="Body"><span style= "font-size: 12.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-bidi-font-family: Calibri;"> For most people, you are going to have 10 years to withdraw all the money in the inherited IRA.</span></li> <li class="Body"><span style= "font-size: 12.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-bidi-font-family: Calibri;"> Why tax planning becomes so important for those receiving the inheritance.</span></li> <li class="Body"><span style= "font-size: 12.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-bidi-font-family: Calibri;"> How have the rules changed on inherited IRAs in the past few years?</span></li> </ul> <p> </p> <p><strong>Check out our other free financial resources here:</strong> <a href= "https://johnsonbrunetti.com/financial-resources/">https://johnsonbrunetti.com/financial-resources/</a></p> <p><strong>Contact our team:</strong> <a href= "https://johnsonbrunetti.com/contact-us/">https://johnsonbrunetti.com/contact-us