Savvy Senior: How to navigate inheriting an IRA from a parent

Savvy Senior: How to navigate inheriting an IRA from a parent

Dear Savvy Senior, What are the rules regarding inherited IRAs? My brother and I recently inherited our father’s IRA when he passed away late last year and would like to know what we need to do to handle it properly. Oldest Sibling Dear Oldest, I’m sorry to hear about the loss of your father, but you’re smart to be planning ahead. Inheriting an IRA from a parent comes with a unique set of rules. U...