An inherited IRA may be the most complex issue to handle well when wrapping up an estate. If you’ve recently inherited an individual retirement account, you can find yourself at the tricky three-way ...

Beneficiary designations are among the most important legacy decisions you will make. A variety of financial accounts, including retirement plans and life insurance policies, allow you to designate ...

IRAs were created to help people save enough to meet their financial needs in retirement. But often, people die before they've completely used up their IRA money. It's important to know what happens ...

When I pass, my wife will inherit my Roth IRA. She can take her time to use it up. If my son were to inherit it, he’d have 10 years to use it up. What if I left it to both of them, divided 50/50? When ...

Like most assets, you can inherit an individual retirement account (IRA) after the owner’s death. And for spouses, inheriting an IRA is a relatively straightforward process. In most cases, you can ...

As many regular readers of this column know, two significant laws have been enacted in recent years affecting retirement accounts. The SECURE Act of 2019 and the SECURE 2.0 Act (passed as part of the ...

My mother died in 2022, leaving a $15,000 individual retirement account (IRA) with no beneficiaries. My sister (the executor) closed it and moved the money to the estate’s bank account and then sent ...

The end of the calendar year often brings family into focus as we look to spend time with loved ones for the holidays. Though it may not feel like the best time to contemplate one’s demise, the season ...

Inheriting an IRA can be complex. The rules differ based on your relationship to the deceased, your age and even their age at death. One misstep can trigger hefty penalties or tax bills you can’t undo ...