Inheriting an IRA from someone who was not your spouse can feel like a financial gift — until you meet the maze of rules with ...

Inheriting a retirement account is supposed to feel like security, not a tax trap. Yet the current inherited IRA regime can ...

Take Becka, a hypothetical married mother of three who inherited her mom’s individual retirement account (IRA). She needs to ...

Unfortunately, the SECURE Act of 2019 made it more difficult for the beneficiaries of IRAs and other retirement accounts to ...

Even a modest inheritance like $50,000 has the power to positively change your life over the long term—provided you use it wisely.

If you know you’re receiving an inheritance, you’ve seen the estate documents, your benefactors have given you a specific ...

SECURE 2.0 raised the RMD age to 73 for those turning 72 in 2023 or later. It rises to 75 in 2033. Non-spouse beneficiaries who inherited IRAs after 2019 must take annual RMDs in years 1-9 if the ...

I will soon turn 65 and I would like to quit working. My wife and I purchased a home in Tennessee a few years ago to be closer to her father. We have our house in Southern California with a $350,000 ...

Each year, American retirees lose approximately $1.7 billion in IRS penalties for not taking their required minimum distributions. According to Vanguard, around 6.7% of its clients missed their annual ...

Secure your future with our essential checklist. Discover the key documents every retiree needs for peace of mind and a ...

I will turn 65 in early 2026 and I would like to quit working. My wife and I purchased a home in Tennessee a few years ago to ...

Peter Coughlin of Berkshire Money Management recently wrote a blog post that landed with me: Families do not lose wealth only ...