The IRS released their updated rules on Inherited IRAs and we'll break that down for you as well as provide some unique strategies for these accounts!
0:00 New inherited IRA rules explained
0:57 Inherited IRA RMD 10-year rule
4:10 Inherited IRA withdrawal strategies. Lump sum?
6:30 Inherited IRA tax strategies
7:40 Why'd the Cowboy ride his horse?
Jazz Wealth Managers helps individuals and families achieve financial security through retirement planning and investing strategies. Our videos offer actionable guidance on navigating Roth IRA's, 401ks, IRAs, Social Security, and more. Whether you're approaching retirement or just getting started, learn how to make informed financial decisions for a prosperous future. Subscribe for more!
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I inherited an IRA from my dad in 2016 when I was 47. It’s a stretch IRA, and the RMD’s will be getting bigger and bigger to the point that it matches my living expenses at age 60. By age 70 I’ll be shoving a large amount into a brokerage account as it will be more than I need. I’ve already been building up the brokerage and investing it into index funds with all the RMD’s, as I’m still working. I can see that it will be an added reason to reduce hours at work and / or possibly retire earlier.
Thanks Dustin and Eric good to get the straight scoop
My brother passed away two years. I was contacted last month informing me that I am the beneficiary on his IRA. Does the ten year clock start on his date of death or when I actually receive the inherited IRA?
Great content