My Oak Partners practice is a useful source of inspiration for the column, serving such a wide variety of investors and families with unique planning needs, I figure if I ...

Answer: At the end of 2024, the IRS clarified rules around RMDs for inherited IRAs, where the original owner who died was subject to RMDs prior to death. “Given the circumstances presented, the ...

Navigating new distribution rules with inherited IRAsAn inherited individual retirement account (IRA) is a potential financial windfall that may create new opportunities to achieve your financial ...

An inherited individual retirement account is a potential financial windfall that may create new opportunities to achieve your financial goals. If you are a beneficiary currently or expect to be ...

If the account was inherited from an owner who did not yet reach RMD age, the beneficiary still has 10 years to withdraw all the money. The beneficiary will also have the choice to determine how ...

This is called a “required minimum distribution,” or “RMD.” Previously, it applied starting at age 70 1/2. The SECURE 2.0 Act raised this age to 72 and then, from December 31, 2022, to age 73.