inherited IRA

What to Do with an Inherited IRA

As we discussed previously, waiting on an inheritance is probably not a viable retirement plan. However, that does not mean that you should not be prepared in the event that you do inherit a portion of money from your loved ones. It is estimated that millennials will inherit a collective $30 trillion as heirs over the next 30 to 40 years. How do you receive the money you inherit? What are you allowed to do with it? What should you do with it? These are all valid questions for someone dealing with an inherited IRA.

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