Inherited IRAs and spousal IRAs are two different types of accounts that you can use for retirement planning. An inherited IRA is created when someone inherits that account, often from a non-spouse.

Learn how to divide your IRA, Roth IRA and annuity accounts among your heirs while minimizing their tax burden.

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 ...

Also, an eligible designated beneficiary may choose to take distributions ... "Instructions for Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts." ...

Take a lump sum. As long as you’ve owned the inherited IRA for five years you can take a lump sum distribution. The money will be treated as ordinary income but you won’t be subject to the 10% ...

or "stretch," distributions from an inherited defined contribution plan or an IRA. In 2022, the IRS issued proposed regulations that interpreted the revised required minimum distribution (RMD ...

Beginning in 2024, the SECURE Act 2.0 will index IRA catchup contribution limits for inflation, making it likely that higher ...

Here's a closer look at how Roth IRA distributions work. You can withdraw Roth IRA contributions tax- and penalty-free at any time because you paid taxes on these funds in the year you contributed ...

Roth IRAs and Roth 401(k) accounts are both exempt from RMDs while the owner is alive, although beneficiaries are subject to the RMD rules. You need to calculate the required minimum distribution ...

The fact is, however, a handful of people are doing pretty well with their Social Security benefits, collecting this year's ...