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The New Rules on Inherited IRAs – What to Know- Episode 179

Are you in line to inherit an IRA? While inheriting almost any asset is generally a good thing, it’s helpful to know the rules – mainly tax rules – that come along with it, especially if you plan on keeping as much of that money as you can.

Some new laws went into effect on inherited IRAs within the past few months, and when you combine those with the regulations that were already in place, it can be rather confusing to know what to expect. What’s the best course of action so that you don’t wind up paying more in taxes and penalties than you should?

Find out all about it from podcast host Johnny Dean and “Professor” Rick Plum, CFP® on today’s episode of Managing Your Financial Future!

Important Information:

You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal.

The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.

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