Inherited IRA Rules Before You Take Money Out

You inherited an IRA. Now what? Before you take money out, there are some important rules you need to know—and one wrong move could lead to an unexpected tax bill! Whether you're thinking about paying off debt, retiring early, or helping family, understanding inherited IRA rules could save you from costly financial surprises. In this episode of Savvy Women, Catherine Magaña and Rachel Ivanovich break down what happens when you inherit an IRA, the questions you should ask, and why the timing of your withdrawals matters. In this episode, discover: • What to do first after inheriting an IRA • Inherited Roth IRA vs. traditional IRA rules • How the SECURE Act's 10-year withdrawal rule works • When required minimum distributions (RMDs) may apply • Why taking a lump sum could create unexpected taxes • How to avoid costly inherited IRA and 401(k) transfer mistakes • How an inheritance could fit into your retirement plans Inherited an IRA? Don't rush to withdraw! Watch now to learn what to consider before making your next move. Click on the following link to schedule a free consultation. https://savvyup.com/consultation Date Recorded: 10/08/26 Chapters 00:00 Inherited an IRA? Now What? 00:41 Inherited Roth IRA vs. Traditional IRA 02:31 Spousal vs. Non-Spousal Inherited IRA Rules 04:32 Inherited IRA RMDs and the 10-Year Rule 06:00 How Inherited IRA Withdrawals Affect Taxes 06:24 Paying Off Debt? Beware the Lump-Sum Tax Hit 07:16 Planning Inherited IRA Withdrawals Each Year 07:59 Can an Inheritance Help You Retire Early? 09:09 How to Transfer an Inherited IRA Correctly 10:14 Inherited 401(k) Tax Mistakes to Avoid 10:54 Key Questions Before Taking Money Out 11:19 Final Thoughts and Complimentary Consultation 11:52 Important Disclosures Disclosure: Savvy Women Wealth Management is an SEC Registered Investment Advisor The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. It is only intended to provide education about the financial industry. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. Any past performance discussed during this program is no guarantee of future results. Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. Tax considerations presented may not be appropriate every individual circumstance. A tax professional should be consulted before making any decisions about your tax liability. savvyup.com | 760.692.5700