My sister died and left me as the beneficiary on her 401(k). I could really use the cash — but should I let this nest egg mature or crack into it now?

This article originally appeared on Moneywise.com under the title: My sister died and left her 401 (k) to me. I could really ...

My dad died 30 years ago, but I just found an old IRA with a $30K balance in his name. Can I still claim that cash — and will it all still be there?

Let’s say, for example, that you just discovered your deceased father’s Individual Retirement Account ( IRA ), which had ...

Roth IRA Beneficiary Options: Guide for Spouses and Non-Spouses

Explore your options as a Roth IRA beneficiary, from spousal transfers to required withdrawals, depending on your relationship to the original account holder.

Jill On Money: Estate planning cheat sheet

Will A document that ensures that assets are passed to designated beneficiaries, in accordance with your wishes. In the ...

The Importance Of Trusts And Wills: Make Sure Your Wishes Are Known

Making decisions about your estate planning requires understanding the difference between trusts and wills. Both are ...

I’m in my 70s. Should I take the tax hit and withdraw all of my inherited IRA to avoid required minimum distributions?

Recently, I’ve wondered if it makes sense to transfer the inherited IRA to a non-retirement account, take the tax and ...
Smart Business Magazine

The importance of reviewing beneficiary designations

A variety of financial accounts, including retirement plans and life insurance, allow individuals to designate beneficiaries. Whoever is named on a beneficiary designation form will receive those ...
Think Advisor

3904 / How is the designated beneficiary determined for purposes of the minimum distribution requirements?

Editor’s Note: The SECURE Act, enacted December 20, 2019, changed the required beginning date for required minimum distributions (RMDs) from age 70½ to age 72 (the change applies with respect to ...
The Post-Crescent

Wydeven: Be sure you know who your beneficiaries are and how to make changes

When I meet with clients to discuss estate planning, I always explain that the documentation that we help put together for them does not override any previously designated beneficiaries on things like ...
Hosted on MSN

Inheriting an IRA Through an Estate

If an IRA is inherited through an estate, the distribution rules for the estate apply, even if the IRA is later transferred to a person. Distribution rules depend on whether the IRA owner died before ...
Morningstar

What You Need to Know About Inherited IRAs

Tax and retirement planning expert Ed Slott discusses the ins and outs of distributions for these frequently inherited investment accounts. The original Secure Act eliminated the stretch IRA and put ...
JD Supra

Relief Extended from Certain Required Minimum Distribution Requirements for Beneficiaries

The IRS on April 16, 2024, released Notice 2024-35, which extends previously issued temporary relief from certain required minimum distribution (RMD) requirements for beneficiaries under qualified ...