How Inherited IRAs Work Under the 10-Year Rule

When you inherit a retirement account, the tax rules changed dramatically under the SECURE Act. In Episode 151 of The Tax Strategy Podcast, Lucas and Luna break down the 10-year rule for inherited IRAs, who it applies to, how the IRS final regulations in 2024 clarified required minimum distributions, and why the penalty for missing an RMD can be steep. They walk through a concrete example of a non-spouse beneficiary inheriting a $500,000 traditional IRA, show how stretch IRA strategies vanished for most heirs, and explain the one big exception for surviving spouses and minor children. If you're expecting an inheritance or advising someone who is, this episode gives you the timeline, the tax hit, and the smart withdrawal order to avoid a nasty surprise. Listen before you take that first distribution. #InheritedIRA #10YearRule #SECUREAct #RetirementPlanning #TaxStrategy #RequiredMinimumDistributions #EstatePlanning #Beneficiary #TaxPlanning #Finance #BusinessPodcast #FexingoBusiness #WealthManagement #IRARules #TaxTips #RetirementAccounts #TaxSeason #FinancialPlanning Keep every episode free: buymeacoffee.com/fexingo