The shutdown is making me nervous. I was planning to take the withdrawal, pay the taxes due and reinvest what’s left in my ...

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

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 ...

If you have a Roth IRA, understanding the Roth IRA 5-year rule is critical to avoiding taxes and penalties when you withdraw ...

In a recent monthly column, Ed Slott reviewed the options of a young widow who is the beneficiary of an IRA. Following is a summary of the two main options available to a widow in this position. The ...

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

When my mother passed away, I inherited a significant number of Apple shares through an inherited IRA. My overall investments ...

Inheriting assets may provide a new level of financial security, but it may also come with some unexpected tax consequences. Our Jonathan Skinner recently discussed with financial expert Jay McGowan ...

Investors who are considering a rollover should check to see what features their 401 (k) offers and weigh those against the cost difference to determine whether a rollover might be beneficial,” said ...

Financial experts say many heirs mistakenly assume inherited retirement accounts are tax-free or can be left untouched for decades. In reality, the SECURE Act and subsequent IRS guidance have ...

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 ...