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The New Rules on Inherited IRAs - What to Know
Manage episode 422994258 series 3428540
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Are you in line to inherit an IRA? While inheriting almost any asset is generally a good thing, it's helpful to know the rules - mainly tax rules - that come along with it, especially if you plan on keeping as much of that money as you can.
Some new laws went into effect on inherited IRAs within the past few months, and when you combine those with the regulations that were already in place, it can be rather confusing to know what to expect. What's the best course of action so that you don't wind up paying more in taxes and penalties than you should?
Find out all about it from podcast host Johnny Dean and "Professor" Rick Plum, CFP® on today's episode of Managing Your Financial Future!
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