Here's what to know before withdrawing funds from inherited individual retirement accounts
CNBC - 2024-04-22T19:06:49.000Z

If you've inherited an individual retirement account since 2020, you could have a shorter timeline to withdraw the money, which can trigger tax consequences.

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Here’s what to know before withdrawing funds from inherited individual retirement accounts
If you’ve inherited an individual retirement account since 2020, you could have a shorter timeline to withdraw the money, which can trigger tax consequences. But there are a few things to consider before emptying an inherited account, experts say. Under the Secure Act of 2019, so-called “non-eligible designated beneficiaries,” have a 10-year window to deplete […]
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Here’s what to know before withdrawing funds from inherited individual retirement accounts

Inherited retirement account owners won’t face penalties for not withdrawing money this year

From the bidding war for Hipgnosis Songs Fund to ByteDance’s battle for TikTok in the US it’s MBW’s Weekly Round-Up