Ask Terry Questions Inherited IRA

Inherited IRA

By Terry Savage on March 14, 2025 | Financial Planning / Retirement

Is there a way to minimize taxes on an inherited IRA?

Terry Says

That depends on whether you are a spouse or not. A spouse can roll the inherited IRA into his/her own — delaying withdrawals.
Everyone else must withdraw in 10 years, paying taxes — unless it was a Roth IRA.
YOu need to look at this as part of your overall financial plan, retirement issues, etc.
Consider getting a fee-only fiduciary planner to help you make this decision.
Read this: https://www.terrysavage.com/pam-krueger-wealthramp/

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