Did you know that, in most cases, you must start taking required minimum distributions (RMDs) from your retirement accounts ...

Few people would complain about receiving an inheritance, including one in the form of an IRA. However, there are some rules ...

The distribution rules for beneficiaries can get complicated and depend on two key factors: Your relationship to the original account owner: The IRS lets you treat a Roth IRA from a spouse as if ...

Other situations that call for a Form 8606, noted Wolters Kluwers, are that you: Received distributions from inherited traditional, traditional SEP, or traditional SIMPLE IRA that has a basis ...

Some savers in the past employed the stretch IRA strategy, which allowed beneficiaries to take distributions over their own lifetime. The SECURE 2.0 Act of 2019, however, eliminated this by ...

has resulted in many beneficiaries being unable to extend inherited IRA distributions throughout their lifetimes. (More on that later.) Before SECURE 2.0, beneficiaries could use a "stretch ...

The only people who can still stretch out IRA distributions over their ... Take time to think through your beneficiaries and list them on your forms accordingly. The most important thing is ...

Sara made a wrong move: Sara contacted ABC Custodian in 2024 and told them she wanted to roll over the inherited Roth IRA. They had her complete a distribution request form and gave her a check ...

Appleby: Is Your Roth IRA Distribution Taxable? 4. You are a designated beneficiary who inherited ... the five years is increased to 10 years. No Form 5329 and No Further Action Required for ...