inherited IRA
10 Ways You Could Avoid the 10% Early Retirement Penalty
Youâve saved diligently in your 401(k), and you wouldnât mind tapping into it â but youâre not age 59½ yet, so you could have to pay the IRS a 10% penalty on your withdrawal. There are exceptions to that rule, though. Here are 10 of them.
What Is a Spousal IRA – Rules, Eligibility & Benefits
How to Choose a 401(k) Beneficiary: Rules & Options
Choosing a 401(k) beneficiary ensures that any unused funds in your account are dispersed according to your wishes after you pass away. Whether youâre married, single, or in a domestic partnership, naming a beneficiary simplifies the estate process and makes it easier for your heirs to receive the money. Thereâs room on 401(k) beneficiary forms […]
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Can an Inherited IRA Be Rolled Over?
If you inherit an individual retirement account (IRA) from a spouse, you can treat it like your own IRA or roll it over into a traditional IRA you already have. If you are the beneficiary of an IRA inherited from … Continue reading →
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