Redirecting my portion of beneficiary IRA?
What is the best strategy for an inherited IRA?
Here’s how to make the most of an inherited IRA:
- Remember the first required minimum distribution.
- Pay attention to the 10-year rule for inherited IRA distributions.
- Find out if you qualify for an exception to the 10-year rule.
- Take care to minimize taxes.
- Label the account correctly.
- Consider separating accounts.