they don’t update forms and cause all kinds of legal entanglement.” 6. Improperly drafted trusts can be bad news It is possible to list a trust as a primary beneficiary of an IRA. It is also ...

The problem is “later” is usually too late, because most people never review their beneficiary forms. The SECURE Act has eliminated the “stretch” IRA for most beneficiaries and replaced it ...

if you are the sole beneficiary of your uncle’s $10,000 IRA, here are the possible scenarios. You find out from your relative’s executor that your uncle did file the Form 8606 covering the IRA ...

With that in mind, here are five essential tax aspects every IRA beneficiary should know. If you have inherited an IRA or have any other retirement plan account, it's important to be aware of the ...

Though it may not feel like the best time to contemplate one’s demise, the season is all about taking care of family, friends ...

Inheriting a Roth IRA avoids probate if the deceased listed you as a beneficiary. Spouses inheriting Roth IRAs can treat them as their own; others face a 10-year withdrawal limit. Non-spousal ...

So, it doesn’t affect you. You still have RMDs, your stretch IRA, that extended payout, if you were a designated beneficiary, meaning named on the beneficiary form. However, if you inherited in ...

The SECURE Act, which became effective at the beginning of 2020, eliminated the "stretch IRA," with the exception of some beneficiaries. However, the IRS is mulling over key provisions particular ...