I inherited my mom’s IRA and still need to take $10K in required minimum distributions in 2026, but there’s no cash. What do I liquidate?

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

Inheriting a Parent's IRA? Here's What You Need to Know

The rules for inherited IRAs can be complicated. Generally, you need to withdraw the account balance in 10 years. You also need to be mindful of required minimum distributions. Losing a parent can be ...
Hosted on MSN

Did You Inherit an IRA? Follow These Rules to Avoid Taxes

The rules governing the inheritance of an individual retirement account (IRA) when the IRA owner dies are complicated, but one aspect is straightforward: When the IRA owner dies, the current tax law ...
Richmond

Savvy Senior: How to manage an inherited IRA from a parent

QUESTION: What are the rules regarding inherited IRAs? When my mom died this year, I inherited her traditional IRA and would like to know what I need to do to execute it properly. Jim Miller is editor ...
WAFF

Tips to save on inherited IRAs with Jay McGowan from The Welch Group

HUNTSVILLE, Ala. (WAFF) - Inheriting assets may provide a new level of financial security, but it may also come with some unexpected tax consequences. Financial expert Jay McGowan from The Welch Group ...
Law

Brace Yourself: RMDs Are Coming

John Paul D. Dziuba II of CSG Law. Courtesy photo Almost four years after the SECURE Act went into effect, plan administrators, tax practitioners, and certain inherited IRA beneficiaries finally have ...