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Friday, July 10, 2020

How To Minimize Taxes When You Inherit An IRA

David Rae, Contributor
Personal Finance
Apr 18, 2019

You have two main options after inheriting a retirement account. Withdraw all of the money and receive a whopping tax bill, or move the inherited 401(k) or IRA into a Beneficiary IRA (aka Inherited IRA) and defer taxes until you make withdrawals. More>>