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What do I need to know about the IRA I just inherited?
Manage episode 373893130 series 3460411
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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 we want to bring you up to speed on what’s new. Plus, we'll walk you through some of the decisions you’ll need to make with an inherited IRA, how it impacts beneficiaries differently, and explain the differences for Roth IRAs.
Here are some of the things you’ll learn in this episode:
- What has changed with the inherited IRA rules since 2020.
- What is an eligible designated beneficiary and why does it matter for this scenario?
- How should you proceed if your only option is to withdraw all the money within 10 years?
- What are the rules if you just inherited a Roth IRA?
Connect with us:
Web: https://rosewoodwealthmanagement.com/
Phone: 919-391-3446
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