Timothy Sumer

Ronnie goes in depth on the advantages a spouse has with an inherited IRA and how they can avoid RMDs.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA An Individual retirement account , commonly known as an IRA, can be an excellent source of retirement income. However, inheriting an IRA can also provide significant advantages for the beneficiaries. Inheriting an IRA can offer a financial boost to the beneficiaries and provide them with various tax advantages. One of the most significant advantages of inheriting an IRA is its potential for continued tax-deferred growth. The beneficiary can continue to grow their inheritance for years to come, without having to pay taxes on any investment gains until withdrawals are made. Additionally, inheriting an IRA allows the beneficiary to withdraw the inherited funds over their lifetime, which is a sign...