RMD or 10 Year Rule on Inheriting an Inherited IRA?

The SECURE Act allows those who inherited IRAs prior to 2020 to continue using the stretch IRA option, those who inherit an inherited IRA must use the 10-year rule. Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit or call 574-247-5898. Find more information about the Wise Money Show™ at LINKS: Be sure to stay up to date by following us! Facebook - Instagram - Twitter - Want more Wise Money™? Read our blog! Listen on Podcast: Subscribe on YouTube: Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results....(read more)

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When inheriting an IRA, it is important to understand the 10-year rule and Required Minimum Distribution (RMD). The 10-year rule states that the beneficiary of an inherited IRA must withdraw the entire balance of the account within 10 years of the original owner's death. The beneficiary is not required to take an annual distribution, but the entire balance must be distributed before the 10-year period ends. The RMD is the amount that must be withdrawn from the inherited IRA each year. The RMD is calculated based on the beneficiary's age, the account balance, and the IRS life expectancy tables. The RMD must be withdrawn each year, and if not taken, the IRS may impose a 50% penalty on the amount not withdrawn. It is important to note that the 10-year rule and RMD apply to inherited IRAs only. Traditional IRAs and Roth IRAs held by the original owner are subject to different rules. For example, the original owner of a traditional IRA must begin taking RMDs by April 1st of the year following the year in which they turn 70 1/2. Roth IRAs do not require RMDs at any point. Inheriting an IRA can be a complicated process, and it is important to understand the 10-year rule and RMDs. It is also important to consult a financial advisor or tax professional to ensure that you are taking the correct steps to comply with the rules. https://inflationprotection.org/rmd-or-10-year-rule-on-inheriting-an-inherited-ira/?feed_id=70057&_unique_id=63e95ca6c0cab #Inflation #Retirement #GoldIRA #Wealth #Investing #10yearrule #estateplanning #financial #inheritedira #inheritediradistributionoptions #inheritedirarmd #korhorn #stretchira #stretchira10yearrule #wisemoneyshow #InheritedIRA #10yearrule #estateplanning #financial #inheritedira #inheritediradistributionoptions #inheritedirarmd #korhorn #stretchira #stretchira10yearrule #wisemoneyshow

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

American Hartford Gold Review – Best Gold IRA? Pros and Cons

In this American Hartford Gold Group review, I go over what makes this Gold IRA company unique, the pros and cons, their fees, and much more. Get Their Free Guide Here: 00:00 Intro 00:25 Is Gold a Good Investment? 01:02 Why Choose American Hartford Gold? 01:48 Is American Hartford Gold a Legitimate Company? 02:35 How Does American Hartford Gold Work? 03:30 American Hartford Gold’s Price Match Guarantee 03:57 American Hartford Gold’s Minimum Investment 04:28 American Hartford Gold’s Buyback Guarantee 04:56 American Hartford Gold Storage and Security 05:54 American Hartford Gold Free Silver Promotions 06:11 No Overseas Storage Options 06:22 American Hartford Gold Group Price List Not Available Online 06:38 American Hartford Gold Group Review Summary 👉 FREE Resources: ➜ Gold IRA Company Reviews: American Hartford Gold Group continues to be a well-respected market leader in the gold IRA and precious metals investment industry. The company’s proven track record ...

How to Change Password for Fidelity Investments App

How to Change Password for Fidelity Investments App In this video, I'll show you How to Change Password for Fidelity Investments App. This is the easiest and fastest way to Change Password for Fidelity Investments App. Make sure you watch until the end of this video to find out How to Change Password for Fidelity Investments App on Android and iPhone. These methods work on Android as well as iOS 11, iOS 12, iOS 13, iOS 15 and iOS 16. Hope you enjoy! Video Parts: 00:00 Intro: How to Change Password for Fidelity Investments App 00:07 Changing Password on Fidelity Investments App 00:38 Outro: Ending Thanks for watching! ❤ Bytes Media © 2022 Topics Covered: Bytes Media how to how to fix How to Change Password for Fidelity Investments App how to change password for fidelity investments fidelity password fidelity login how to change fidelity wifi password i forgot my fidelity online banking username and password fidelity password requirements fidelity customer service fi...

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