Avoiding Non-spouse Beneficiary Mistakes

If you inherit an IRA from a deceased loved one, it is crucial to know the complexities involved. Following the rules to effectively manage the account isn’t straightforward and varies depending on whether you are the deceased’s spouse, a non-spouse or a trust beneficiary.

Understanding these differences, changes from the SECURE Act and the new 2022 RMD rules will help you keep more of your inheritance and avoid unnecessary taxes and fees.

Mistakes are often irreversible. Before moving an inherited IRA, read these quick tips to “Avoid Non-Spouse Beneficiary Mistakes in 5 Easy Steps.”

For professional assistance in understanding your options for an inherited IRA, contact our office at 516-294-5287 to schedule a time to discuss your questions.