Episode 52: 3 Things To Know About Inherited IRAs

Did you recently inherit an IRA? What rules do you need to know and what options do you have in order to make the best decision for you and your family?

 

Show Notes: https://coveryourassetskc.com/episode-52-3-things-to-know-about-inherited-iras/

 

Today's Rundown: 

1:22 - What do you need to know about a normal IRA?   

2:48 - What if you inherit an IRA from a spouse?

3:47 - What happens with an inherited IRA from a parent or family member?

5:14 - How to create a beneficiary IRA.

6:06 - What are the RMDs on an inherited IRA?

9:03 - Is it possible to inherit an already inherited IRA?

11:45 - The SECURE Act proposed limits on inherited IRAs to a maximum of 10 years.