Is this the most current info? My understanding is that you HAVE to make a minimum withdrawal over the 10 years. Please update if your info is incorrect.
Some articles say the original Roth IRA account has to have been 5 years or older for withdrawals by a beneficiary to be tax free. But some seem to indicate the inherited Roth IRA account I opened to hold the money has to be 5 years old. Do I have to pay any taxes on distributions from the Roth IRA I inherited from my mother or do I have to wait 5 years myself?
Excellent and I sent that to my sons just in case they will ever need that information
Excellent video 👍
this was good advice.
I don’t have kids but I have one nephew 😊 good to know this
Is this the most current info? My understanding is that you HAVE to make a minimum withdrawal over the 10 years. Please update if your info is incorrect.
Some articles say the original Roth IRA account has to have been 5 years or older for withdrawals by a beneficiary to be tax free.
But some seem to indicate the inherited Roth IRA account I opened to hold the money has to be 5 years old.
Do I have to pay any taxes on distributions from the Roth IRA I inherited from my mother or do I have to wait 5 years myself?
Is it true that IRS has changed the inherited Roth rules to require RMDs during the 10 year period like a regular IRA?
Yes
U talk to fast which makes u hard to follow sometimes
Change your playback speed under settings (ex: 50%). Easy.