For those heirs, it may come as a shock to discover that you must pay taxes on an inherited IRA. Image source: Getty Images. However, you can't just leave the money invested in the traditional ...

Few people would complain about receiving an inheritance, including one in the form of an IRA. However, there are some rules ...

potentially lowering their tax obligations. This end to the "stretch IRA" strategy means you need a more calculated approach to managing any inherited funds. Here are some key strategies for ...

You’ll want to establish an inherited IRA at the current custodian ... distributions in higher-income years to mitigate the tax consequences of withdrawals. If the decedent died after their ...

When you inherit a Roth IRA, the money you receive gets the same tax-advantaged treatment as the original account. Because the money was contributed on an after-tax basis, you can withdraw the ...

Understanding the tax implications of inherited monies is critical. As you may inherit some of each, here’s a general summary: · Traditional IRA distributions are taxed as ordinary income at ...

Splitting an IRA among heirs is often the best choice for parents so that there is no dissension or in-fighting among ...

By planning distributions strategically, you can avoid pushing yourself into a higher tax bracket while allowing the funds to grow tax-deferred. non-spouse beneficiaries cannot roll inherited IRA ...

However, there are some rules that you’ll have to follow if you inherit an IRA, and they may create some unintended tax consequences. If you’re the non-spouse beneficiary of an IRA ...

Under the tax law, death gets you out of pretty much everything except RMDs. Christine Benz: Hi, I am Christine Benz from Morningstar. Changes to the rules for withdrawals from inherited IRAs have ...

However, there are some rules that you’ll have to follow if you inherit an IRA, and they may create some unintended tax consequences. If you don’t adhere to the rules, you could face even more severe ...