Non-Spousal Heirs of Inherited IRA's

October 19, 2022

Non-spousal heirs of inherited US individual retirement plans should plan for possible requirement to withdraw from the account within 10 years and related tax if not a spouse, minor child, sick or disabled.  There may be penalties for non-withdrawal and differences between advisors for Roth IRA’s in this article.

Inherited a Roth retirement plan? Advice on withdrawals is all over the map | Accounting Today