What Should You Do with an Inherited IRA?

The one constant in financial planning is change, especially when it comes to tax laws. The government is always adjusting tax laws and they've recently made some changes to the rules around retirement accounts. For people that have been saving for retirement, it's important know how these changes will affect you and your family. In this episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® tackle the intricate subject of inherited IRAs and the ever-evolving tax laws that accompany them. As tax regulations change, it's crucial to stay informed and prepared to handle the financial implications that arise when inheriting retirement accounts. Here's some of what we discuss in this episode: The changes made to the stretch IRA that will force you to pay taxes on that money much sooner. Why does Uncle Sam require a minimum distribution on inherited IRAs? How this changes the legacy planning portion of our conversation with clients? Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/ Contact our team: https://johnsonbrunetti.com/contact-us/