2025 Beneficiary IRA Changes
If you've inherited an individual retirement account (IRA), you might be sitting on a powerful financial opportunity, but keep in mind that rules have changed in the past few years. The SECURE Act’s 10-year rule means many beneficiaries must empty the account within 10 years of the original owner’s passing. Some exceptions apply.
Consider speaking to our trusted financial professional team for guidance.
Penalties may apply for missed Required Minimum Distributions (RMDs). Different minimum distribution requirements may apply to a surviving spouse of an IRA owner, a disabled or chronically ill individual, an individual who is not more #InheritedIRA #FinancialProfessional #BigDecisions Source: IRS.gov. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary