What do I do with an Inherited IRA?

If you inherited your parent's IRA, this does not receive the same tax benefits as inheriting a house, rental property, bank account, or a brokerage account. The 10 year window rule forces you to take out all of your parents inherited IRA within 10 years, and it is taxed as ordinary income. Today Rosario goes over what that looks like and some exceptions Take the free Retirement Readiness Check: https://www.red7wm.com/ Call us: (619) 704-0140 email us: rscappaticci@red7wm.com _ _ _ _ _ _ _ _ 0:00- Intro 0:40- Your deadline is later than you think 1:38- Do you have to take money out every year? 2:24- What you may have heard otherwise 3:02- Five types of exempt beneficiaries 3:30- The surviving spouse loophole 4:05- The mistake you can't undo 5:08- Why IRAs are the worst asset to inherit 6:03- Forgetting to take a withdraw 7:04- Retirement Readiness Check #financialplanning #inheritedira