What You Need To Know About Inheriting An IRA

What You Need To Know About Inheriting An IRA

Setting up an Inherited IRA may take a little extra legwork but the tax savings can be huge
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If you are lucky enough to inherit a 401(k) or an IRA, when you don’t know what you’re doing, you could put your inheritance at risk. The tax rules need to be followed to the T. These IRS inherited IRA rules will vary, depending on who has passed away, and who is inheriting the retirement accounts.
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