The IRS is making more changes to inherited IRAs which will eventually impact many federal employees. The Secure Act took effect in 2020 making changes to inherited IRAs by forcing beneficiaries to distribute all funds in a 10 year time period. This year the IRS decided to make more changes and require some beneficiaries to take RMDs.... ( read more )
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Inherited IRAs, also known as beneficiary IRAs, are accounts that are passed down to a beneficiary after the death of the original account holder. These accounts are a great way for individuals to pass down their retirement savings to their loved ones, but recent changes to inherited IRAs have made it more complicated for beneficiaries to manage them. The biggest change to inherited IRAs is the new rule that requires non-spouse beneficiaries to take required minim
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