Source: Have you received an Inherited IRA? These are the rules and deadlines you should know to avoid taxes and penalties.... ( read more )
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If you have inherited an IRA from a family member or a loved one, managing it can seem overwhelming at first. However, it's crucial to know how to manage your inherited IRA because it can provide a significant source of retirement income for you in the future. In this article, we will discuss the steps you need to take to manage your inherited IRA effectively. Step 1: Understand the IRA Distribution Rules Inherited IRAs have different distribution rules than regular IRAs, and they depend on various factors, such as the age of the original IRA account owner, the relationship between the owner and the beneficiary, and more. In general, beneficiaries of inherited IRAs
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