What You MUST Know About Inheriting an IRA- Episode 211

In the middle of 2024, the rules changed for people who become beneficiaries of an IRA.  We devoted an entire episode to those changes at that time, but there’s a lot more you need to know if you’re planning on inheriting a tax-deferred account like a traditional IRA.

While it’s always nice to inherit assets of any kind, there are several things to watch out for with an IRA.  Case in point: depending on when the person died and how old you are when you received the asset, if you’re not careful with how you treat it, you could be looking at a much bigger tax bill than you’d expected.

Learn more from podcast host Johnny Dean and his guest, “Professor” Rick Plum, CFP® on this week’s episode of Managing Your Financial Future!