Ep# 21 New Rules: Inherited IRA's

If you inherited an IRA or Roth IRA in 2020 or after, The IRS has just changed the rules! The updated 10-year rule and its impact on beneficiaries. Whether you're inheriting a traditional or Roth IRA, understanding these regulations is key to avoiding penalties and maximizing your inheritance.What the 10-year rule means for required distributions?Differences for eligible designated beneficiaries (spouses, minors, and others).Tax implications you should know about.Strategies to help you manage and plan for inherited IRA funds.Here is the rmd table for beneficiary IRA's: https://www.irs.gov/pub/irs-pdf/p590b.pdfLet me know what you think! Leave your comments and questions here: [email protected] Helping you to be wise with your money!To see more videos discussing personal finance Subscribe:https://www.youtube.com/channel/UCbDA...For more resources: 👉   https://wfa-nc.com/insights 📝 Get your Free Retirement Plan checkuphttps://wfa-nc.com/retirement-plan-ch...To schedule a complimentary consultation with me: 👉https://go.oncehub.com/keithwilson1I want you to be more confident in your future: whether that be through preparing for retirement, financial planning, portfolio analysis, or college planning. I trust the information you receive through these videosproves helpful with your personal financial situation!Website: www.wfa-nc.comFacebook:   / keithwilsonf.  .Linkedin:   / keithwils.  .I am looking forward to seeing you achieve your financial goals!Helping you to be wise with your money!To see more videos discussing personal finance Subscribe:https://www.youtube.com/channel/UCbDA...For more resources: 👉   https://wfa-nc.com/insights 📝 Get your Free Retirement Plan checkuphttps://wfa-nc.com/retirement-plan-ch...To schedule a complimentary consultation with me: 👉...