You Have 10 Years to Empty an Inherited IRA. You Need a Plan.

In recent years, we’ve seen numerous changes in tax laws. These laws have dramatically changed how to plan for retirement and how to manage an inheritance received from a loved one. Today, Paul and Michael explain some changes in tax law that affect inheriting money in an IRA. Listen along as they explain why investors have 10 years to decide what to do with the money in an inherited IRA and how some investors who aren’t asking for help are creating tax issues for themselves and turning this money back over to the government in taxes. 

 

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