Inherited IRAs: Know the Rules

The traditional Individual Retirement Arrangement (IRA) was established in the US in 1974.  Today, many IRA account assets are being passed to beneficiaries, most often as inherited IRA accounts.  Inherited IRAs come with their own rules, which differ from traditional IRA accounts.  Those rules dictate how inherited assets can be titled, and how and when they can be distributed to each beneficiary.

Memorizing the entire list of rules is extensive. We summarized some of the finer points that impact how the rules apply when inheriting IRA assets.  They include:

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