Their relationship to you will play a major role in what happens after death.

Congress changed the rules for when beneficiaries must take money from inherited IRAs, 401(k)s, and other retirement accounts. Here’s how to avoid the most common traps.

The phone call comes from the estate attorney: your late father left you his traditional IRA, and the balance is $750,000. You are 64 years old, still working as a marketing director earning $250,000, ...

When you inherit a Roth IRA, the options for managing the account depend on your relationship to the original owner and the account's age. Spouses typically have more flexibility, such as treating the ...

Inheriting money is often welcome, but if it’s a retirement account, beneficiaries need to be aware of new rules effective in 2025 or end up potentially paying a steep penalty to the IRS. New rules ...

What are the rules regarding inherited IRAs? My brother and I recently inherited our father’s IRA when he passed away late last year and would like to know what we need to do to handle it properly.

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Anthony Battle is a CERTIFIED FINANCIAL PLANNER™ professional. He ...

Roth IRAs have a sterling reputation: tax-free growth, no lifetime required minimum distributions and the golden child of the retirement account family. That résumé leads many people to assume that ...

Margaret is 73. Her husband died in March, and six months later, her CPA delivered some bad news. A single signature on a ...

A 58-year-old marketing director earning $245,000 just inherited a $1.2 million traditional IRA from her father, who died in ...

Question: “My wife died in 2017, the year prior to her 70 ½ birthday. We were both 69 when she passed. I was the sole beneficiary of her regular IRA and kept her account separate from my own IRA. My ...