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Personal Finance and Investing

no_hypocrisy

(50,947 posts)

10. Just spoke to my Broker.

Reply to question everything (Original post)

Mon Aug 12, 2024, 11:15 AM

Aug 2024

I inherited an IRA from my late father and am a beneficiary to the account. It was activated nine years ago.

My Broker told me that the new IRS regulation went into effect in 2020 and I'm grandfathered in. IOW, the regulation does affect my account.

Call your broker if you have any concerns.

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Highlight:

Heirs Finally Get an Answer From IRS About Money in Inherited Retirement Accounts - WSJ [View all] question everything Jul 2024 OP

This is a terrible law! People whose spouse dies need to be able to support themselves monthly as long as they live BComplex Jul 2024 #1

spouses are exempt ret5hd Jul 2024 #3

Oh! Good to know. BComplex Jul 2024 #4

To be clear, a married couple filing taxes jointly (and who inherit an account) are also subject jointly to the progree Jul 2024 #8

This message was self-deleted by its author Fiendish Thingy Jul 2024 #9

Consider this PJMcK Jul 2024 #5

That's good, then. BComplex Jul 2024 #6

Clear as mud, Roth accounts not mentioned bucolic_frolic Jul 2024 #2

Some questions answered progree Jul 2024 #7

Just spoke to my Broker. no_hypocrisy Aug 2024 #10

Latest Discussions»Culture Forums»Personal Finance and Investing»Heirs Finally Get an Answ...»Reply #10