If you inherited an IRA, that windfall may cost you money if you aren’t careful. That’s because there are rules surrounding inherited IRAs to ensure the money is eventually taxed and the IRS is paid.

If you inherit a Roth individual retirement arrangement (Roth IRA) from a parent and take withdrawals correctly, you’ll be able to enjoy tax-free withdrawals for years. Your options will depend on ...

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 ...

Generally, you have until the end of the 10th year following the year of the original account owner's death to withdraw all your funds from your inherited IRA. So if the original account owner died in ...

A widower inherits his late wife’s Roth IRA. The balance shows $250,000, and he assumes the entire account is his to use ...

How families can preserve valuable inherited IRA stretch treatment for a child or grandchild who needs support but doesn’t ...

Maria, a 56-year-old hospital operations director earning $260,000 a year, just inherited her father’s IRA. The balance: $1.8 million. Her father was 78 and had already begun his required minimum ...

I’m sorry to hear about your mom's passing. Required minimum distributions (RMDs) from inherited IRAs are one of the most confusing things that most people will have to deal with. That's partially ...

Is there a wiser way to transfer wealth?

Question: “I am 42. In 2009 my father died at age 60. I inherited his traditional IRA, which was held with a large investment company. I took RMDs while it was with that company. In 2017, I moved the ...