If you inherit an IRA from a deceased loved one, it is crucial to know the complexities involved. Following the rules to manage the account effectively isn’t straightforward and varies depending on whether you are the deceased’s spouse, a non-spouse, or a trust beneficiary.
Understanding these differences, changes from the SECURE Act and the new 2022 RMD rules will help you keep more of your inheritance and avoid unnecessary taxes and fees.
Mistakes are often irreversible. Before moving an inherited IRA, read these quick tips to “Avoid Non-Spouse Beneficiary Mistakes in 5 Easy Steps.”
For professional assistance in understanding your options for an inherited IRA, contact Chris Robinson with RFG Wealth Advisory in Argyle, TX. Our office number is 940-464-4104 to schedule a time to discuss your questions. You can also schedule online at RFGWealthAdvisory.com.
Avoiding Non-Spouse Beneficiary Mistakes in 5 Easy Steps
Disclaimer
Financial Success Doesn’t Happen by Chance.
Contact lead advisor Chris Robinson with RFG Wealth Advisory in Argyle, Texas to discuss your questions.
RFG Wealth Advisory is an independent, fee-only Registered Investment Advisor firm in Argyle, Texas. At RFG Wealth, our fiduciary duty ensures your interests always come first, and we maintain a transparent fee structure for your peace of mind. Contact us today!
Investment advice is offered through RFG Wealth Advisory, a Registered Investment Advisor.
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Chris Robinson is the president of RFG Wealth Advisory, which he founded in 1995. He is a current resident of Argyle and native of Denton, Texas.
