My college-age kids inherited $300K from a 401(k). What should they do with this money?

My college-age kids are inheriting $150,000 each, mostly from a 401(k) so the money is taxable. I am still going to pay for ...
SmartAsset on MSN

I Inherited a $550k IRA From My Dad. What's the Best Way to Withdraw in the 32% Tax Bracket?

If you inherit a tax-deferred retirement account, like an IRA or a 401(k), you’ll pay income taxes on the money when you ...
NBC Connecticut

This inherited IRA rule change for 2025 could trigger a 25% tax penalty

There has been a change to inherited individual retirement account rules which mandates that certain heirs must take required withdrawals each year or face an IRS penalty. Starting in 2025, certain ...
The Press of Atlantic City

Savvy Senior: How to manage an inherited IRA from a parent

Dear Savvy Senior: What are the rules regarding inherited IRAs? When my mom died this year, I inherited her traditional IRA and would like to know what I need to do to execute it properly. — Confused ...
NBC Bay Area

There's a ‘big change' for inherited IRAs in 2025, advisor says. Here's how to avoid a penalty

Starting in 2025, certain heirs with inherited individual retirement accounts must take required withdrawals every year or face an IRS penalty. The rule covers most non-spouse beneficiaries if the ...
NBC DFW

These big inherited IRA mistakes can shrink your windfall — here's how to avoid them

If you've inherited an individual retirement account, you may have big plans for the balance — but costly mistakes can quickly shrink the windfall, experts say. The average IRA balance was $127,534 ...
Benzinga.com

'I Have 3 Children That Will Inherit My 401(k). How Is The RMD Completed?' Here's What Suze Orman Says

If you're planning to pass down a 401(k) to your children, you're not alone. Many retirees want to ensure their hard-earned savings benefit the next generation. But when it comes to required minimum ...
NBC Los Angeles

This inherited IRA rule change for 2025 could trigger a 25% tax penalty

There has been a change to inherited individual retirement account rules which mandates that certain heirs must take required withdrawals each year or face an IRS penalty. Stream Los Angeles News for ...
NBC Connecticut

These big inherited IRA mistakes can shrink your windfall — here's how to avoid them

If you've inherited an individual retirement account, you may have big plans for the balance — but costly mistakes can quickly shrink the windfall, experts say. Stream Connecticut News for free, 24/7, ...