May 26, 2022
Are you aware of the impact your RMD strategy can have on your beneficiaries?
When you inherit an IRA, you are free to withdraw without penalty as much of the account as you want at any time. However, it’s important to be aware of any potential income tax implications for when you withdraw money from an inherited IRA.1
Here are a few things you should know when it comes to your beneficiaries and your RMDs:
We can help you make sure your assets are distributed in the manner you wish. Contact us today with any questions you may have or to schedule a complimentary consultation.
1. https://www.investopedia.com/articles/personal-finance/102815/rules-rmds-ira-beneficiaries.asp