If you recently lost a loved one, or are helping someone who has, you may face new responsibilities and questions around an inherited retirement account. Take a few minutes to view this video to be aware of the associated financial responsibilities with it.
Please note: Federal legislation enacted on December 20, 2019, made a number of changes to the rules regarding defined contribution, defined benefit and/or individual retirement plans, and 529 plans. Information herein may refer to or be based on certain rules in effect prior to this legislation and current rules may differ. As always, before making any decisions about your retirement planning or withdrawals you should consult with your tax advisor.
Next steps to consider
Learn about inherited IRA choices.
Get help with the inheritance process.
Conduct discussions about health, wealth, and legacy planning.