Source: On this episode of DIY Money, Quint and Daniel discuss how to invest an Inherited IRA.... ( read more )
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How to Invest an Inherited IRA Inheriting an Individual retirement account (IRA) is a great way to secure your financial future. An inherited IRA allows you to save for retirement while benefiting from tax advantages. However, knowing how to invest this newly acquired account can be overwhelming. In this article, we will guide you through the steps to effectively invest your inherited IRA. 1. Understand the type of inherited IRA: There are two types of inherited IRAs: the spousal and non-spousal. Spousal inherited IRAs have more flexibility and offer the option to treat the account as their own. Non-spousal inherited IRAs require a different distribution method. Therefore, it is crucial to determi...
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