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2. How to calculate taxes on an inherited annuity - AOL

   www.aol.com/finance/calculate-taxes-inherited...

   A nonqualified annuity in a Roth account: This type of annuity is purchased in a Roth 401(k), Roth 403(b) or Roth IRA, which are all after-tax retirement accounts. Any normal distribution from ...

3. What to know when inheriting an annuity - AOL

   www.aol.com/finance/know-inheriting-annuity...

   Qualified annuities (IRAs, 401(k)s): These annuities are funded with pre-tax dollars, meaning the beneficiary will owe ordinary income tax on the entire amount withdrawn, including both the ...

4. Inherited IRA rules: 7 things all beneficiaries must know - AOL

   www.aol.com/finance/inherited-ira-rules-7-things...

   Importantly, the income tax treatment of the IRA remains the same from the original account to the inherited IRA. So, accounts made with pre-tax dollars (as in a traditional IRA) or after-tax ...

5. Required minimum distribution - Wikipedia

   en.wikipedia.org/wiki/Required_minimum_distribution

   A nonspouse IRA beneficiary must either begin distributions by the end of the year following the decedent's death (they can elect a "stretch" payout if they do this) or, if the decedent died before April 1 of the year after he/she would have been 72, [a] the beneficiary can follow the "5-year rule". The suspension of the RMD requirements for ...

6. Stepped-up basis - Wikipedia

   en.wikipedia.org/wiki/Stepped-up_basis

   Under IRC § 1014(a), which applies to an asset that a person (the beneficiary) receives from a giver (the benefactor) after the benefactor dies, the general rule is that the beneficiary's basis equals the fair market value of the asset at the time the benefactor dies. This can result in a stepped-up basis or a stepped-down basis.

7. The IRS just updated the rules for inherited IRAs. What heirs ...

   www.aol.com/finance/irs-just-updated-rules...

   They can treat the inherited IRA as their own, or take distributions based on their life expectancy. These new rules do not apply to accounts inherited before 2020, or to Roth IRAs. This story was ...

8. Substantially equal periodic payments - Wikipedia

   en.wikipedia.org/wiki/Substantially_equal...

   The rules for SEPPs are set out in Code section 72(t) (for retirement plans) and section 72(q) (for annuities), and allow for three methods of calculating the allowed withdrawal amount: Required minimum distribution method, based on the life expectancy of the account owner (or the joint life of the owner and his/her beneficiary) using the IRS ...

9. RMDs After Death: How Do You Calculate the Required Amount? - AOL

   www.aol.com/finance/calculate-rmd-death...

   The IRS has special rules regarding the RMD in the year of death that IRA and 401(k) beneficiaries need to be aware of. A financial advisor can help you through the ins and outs of planning for ...