Whether you are approaching retirement or actually already hopefully enjoying this time of your life, you need to know how to make sure that your income will be sufficient and also last as long as you live.
Inherited IRA: Important Options for Non-Spouse Beneficiaries
Inheriting an IRA divides you into two groups: a non-spouse or a surviving spouse. The rules and options for what to do with an IRA you inherit are different for each group. Proper planning and knowing your options can help you establish lifetime income opportunities, avoid paying higher taxes or penalties and create a lasting legacy for your beneficiaries.