An inherited IRA lets you keep retirement savings in a tax-advantaged account, but you’ll need to follow strict distribution ...

If you have a Roth IRA, understanding the Roth IRA 5-year rule is critical to avoiding taxes and penalties when you withdraw money. Here's more details!

To illustrate, consider a scenario where an individual inherits a $100,000 IRA. Under the 10-year rule, they must withdraw the entire amount within a decade. If they withdraw a substantial amount in a ...

Spouses benefit from having the most options for their inherited money. Spouses may keep the assets in a beneficiary IRA, transfer it to their own IRA, or roll it to their own IRA or employer plan ...

Inheriting a retirement account can be a double-edged sword. While it often represents a significant financial boon, the tax implications that accompany such an inheritance can be unexpected and ...

There are a couple of different sets of rules around inherited IRAs and you're subject to theleast flexible. While there are more options for a spouse or someone who's chronically ill ordisabled, a ...

Internal Revenue Service reminds taxpayers that inheriting a retirement account, such as an IRA or 401(k), could come with ...

IRAs - also known as Individual Retirement Accounts - are a popular tax-advantaged savings account. Americans held more than $12 trillion in IRAs in the first quarter of 2023. Historically, when an ...

"Most of my income goes to daily expenses and supporting my kids." (Photo subject is a model.) I'm a widow in my early 40s with three children. My youngest is a special-needs child still in school, my ...

At 50, a Seattle-based financial professional has the means to retire by 60. Advisors say the plan is realistic, but one ...

It is easy to assume that you will be better off taking the tax hit early during your retirement years. But it turns out that Roth conversions aren't the best choices for most early retirees, ...

Dear Quentin, I’m a widow in my early 40s with three children. My youngest is a special-needs child still in school, my second is finishing high school and my oldest is in nursing school. I work ...