In This Video:

So, you’re inheriting money and some of it sits in an IRA. What do you need to know about inheriting money in an IRA?

Things to Consider:

When it comes to an inheritance, it can be an emotional time and those emotions could impact decision-making. Add in that an inherited IRA is a complex topic and when it’s done wrong it can potentially cost you thousands of dollars in unnecessary taxes.

So today we want to help simplify the process, talk about what to avoid, and share the three options that you could potentially utilize when inheriting an IRA.

Here’s some of what we discuss in this episode:

0:00 – Intro

1:00 – Option #1 – Lump sum

3:06 – Option #2 – Transfer to your own IRA

5:35 – Option #3 – Transfer to an inherited IRA

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