Many people have or will inherit an IRA, and most people don't know about their options or how to maximize their benefits. As a result, some beneficiaries get less money after taxes. In today's episode, Oscar Alvarez joins me to discuss insights, considerations, and essential facts so you can make the best decision possible. Inherited IRAs are complicated. Before making any decisions or elections, consult with a qualified financial advisor or tax professional. In this episode, you will learn: >> (5:50) The different distribution rules and how they impact different beneficiaries >> (7:38) Examples of eligible beneficiaries >> (8:47) Understanding the difference between an IRA you funded and an inherited IRA >> (14:35) One rule that causes a lot of confusion >> (18:00) What to do before making any decisions >> (24:32) What to review before doing anything to your inherited IRA IRAs, and specifically inherited ones, are complex. As a result, people often make decisions that cost them money. Today's episode will break down the options and considerations so you can make an informed decision. Always consult with a qualified professional before making any decisions regarding your inherited IRA. Enjoy the episode. Links Referenced in the Show: The Retirement Planning Checklist: https://themillionaireinsider.com/rpc Request Support from our Team: https://themillionaireinsider.com/sr Get your Free Financial Checkup: https://themillionaireinsider.com/fc Show notes and more information: https://themillionaireinsider.com/120 This information is for educational purposes only and is not intended to provide financial, investment, or planning advice.

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