If you’ve inherited an individual retirement account (IRA), it’s essential to understand new IRS rules taking effect in 2025.

Beneficiaries must begin taking required minimum distributions (RMDs) from inherited IRAs. Failing to comply could result in penalties of up to (get ready for this) 25 percent of the RMD amount.1

Despite public objections, the IRS is enforcing the 10-year rule for inherited IRAs. For most non-spousal beneficiaries, this means the entire IRA must be emptied by the end of the 10th year, with annual ... Log in to view full article.