Individual retirement accounts articles
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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.
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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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IRS waives mandatory withdrawals from certain inherited individual retirement accounts — again
The IRS has again waived required minimum distributions for some inherited retirement accounts. Here's what heirs need to know for 2024.