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FYI: Here Are 5 Potential Options When You Inherit an IRA

Credit: Plex.page

From Marcus.com….

If you’re inheriting an IRA, you may be wondering about your options when it comes to managing the money that’s in the account.

There’s a complex set of rules that determines what a beneficiary (that’s you) is allowed and not allowed to do with the inheritance. These rules became a little more complex with the passage of the SECURE Act in December 2019, a law that has brought significant changes to the nation’s retirement system. Many of the changes apply to retirement accounts inherited on or after January 1, 2020.

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