Many people have or will inherit an IRA, but most people don’t know about their options or how to maximize their benefits. As a result, some beneficiaries end up with less money.
In today’s episode, Oscar Alvarez joins me to discuss insights, considerations, and essential facts so you can make better informed decisions.
Inherited IRAs are complicated. Always consult with a qualified financial advisor or tax professional before making any decision or election.
Wealth Inside and Out® Podcast: “Inherited IRAs: What Every Beneficiary Needs to Know”
In this episode, you will learn: 
>> (5:50) The IRA distribution rules and how they impact different beneficiaries
>> (7:38) Examples of eligible beneficiaries
>> (8:47) Understanding the difference between an IRA you funded and an inherited IRA
>> (14:35) One rule that causes a lot of confusion
>> (18:00) What to do before making any decisions
>> (24:32) What to review before doing anything to your inherited IRA
Conclusion – “Inherited IRAs: What Every Beneficiary Needs to Know”
IRAs, and specifically inherited ones, are complex. As a result, people often make decisions that cost them money. Today’s episode will break down the options and considerations so you can make an informed decision.
Always consult with a qualified professional before making any decisions regarding your inherited IRA or other financial matters.
Enjoy the episode.
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This information is for educational purposes only. It is not intended to replace the advice of any advisor or specialist, nor to provide investment, financial, tax, retirement, planning, or healthcare advice.
Always consult with a qualified professional before making any financial decisions or changes.
To your financially secure life,
Annette
