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Transfer funds directly from the 401(k) account into an inherited IRA: In an inherited IRA all money must be withdrawn within 10 years. If the money was in a pre-tax 401(k), you’ll owe tax on ...
Inheriting a 401(k) on the death of the account owner isn't always as straightforward as inheriting other types of assets. The IRS has certain rules that 401(k) beneficiaries must follow that ...
Inheriting a 401(k) can be a confusing process as there are a number of conditions that affect what you are able to do. Your options differ depending on whether you are the spouse beneficiary or ...
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Inheriting an IRA isn't quite as simple as taking the money and going on your way. Since an IRA is a tax-advantaged vehicle, you'll have to strategize how to maximize the value of the account ...
This is one of the bigger financial decisions you'll make. I’m inheriting my elderly parents’ $680,000 investment portfolio — it’s managed by a long-time adviser with a 1.75% fee.
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How to handle a sudden windfall is an issue many of us may one day face, as some 30 percent of U.S. households will probably inherit wealth, according to the Bureau of Labor Statistics. And this ...
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