Using a Trust as a Beneficiary of an IRA

The IRA is one of the most significant retirement vehicles in America. In fact, the Investment Company Institute (ICI) reports that as of 2021’s third quarter, U.S. investors held more than $13 trillion in IRA accounts. That’s more than all defined benefit (pension) plans in the US combined.[1] However, the IRA is also an elaborate […]

Inherited Roth IRA Rules

Inherited Roth IRA Rules

Inherited Roth IRA Rules can be complicated. This is especially true if you inherit an account as a non-spouse beneficiary. Understanding how these accounts work, what the rules are for withdrawing money, and the tax consequences that follow are all critical to maximizing the value of your inheritance. We’ll break down everything you need to […]