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  2. Rules for Withdrawing From an Inherited Roth IRA - AOL

    www.aol.com/rules-withdrawing-inherited-roth-ira...

    Open their own IRA and rollover the inherited account. If the original account owner died after their required beginning date, the spouse beneficiary has these options: Keep the account as an ...

  3. If you inherit an IRA or 401(k) and fail to take the RMD for the year of the account owner’s death, a 50% tax penalty applies. There’s an exception if the estate is named as the beneficiary of ...

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

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

    4. Take the tax break if you’re entitled to it. An inherited IRA may be taxable, depending on the type. If you inherit a Roth IRA, you’re free of taxes.

  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. Dave Ramsey: Here Are Your Options If You Are Inheriting an IRA

    www.aol.com/dave-ramsey-options-inheriting-ira...

    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 ...

  7. What to Know About Calculating RMDs - AOL

    www.aol.com/finance/calculate-required-minimum...

    But you will need to start taking RMDs from an inherited IRA depending on the age of your spouse at the time of his or her death. We explain below: If your spouse was older than 72 or turned 72 in ...

  8. Everything You Need to Know About IRA Rollover Rules

    www.aol.com/news/everything-know-ira-rollover...

    A piggy bank with the words Rollover IRA in red, with an uncapped red marker and a calculator next to it. Image source: Getty Images. What is the 60-day rollover rule?

  9. Critical Choices for IRA Beneficiaries - AOL

    www.aol.com/news/critical-choices-ira...

    Inheriting a traditional IRA comes with a bit of a learning curve: RMDs, taxes, deadlines, penalties, spousal rules, non-spousal rules ... all are important to know and understand.

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