18 June 2022 12:33

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.