Inherited IRA Rules and Mistakes to Avoid Video
Did you know that you have the ability to inherit an IRA and stretch it through your lifetime? Do you understand inherited IRA Rules? Knowing what mistakes to avoid with a stretch IRA is critical to successful retirement income planning:
Top Mistakes to Avoid with a Stretch or Inherited IRA:
1. Not doing a stretch or inherited IRA
2. Not taking an RMD or Required Minimum Distribution
3. Not Splitting it Up
4. Titling it Incorrectly
5. Making Contributions to the IRA
6. Not following up with your Custodian
7. Not assigning a beneficiary or a contingent beneficiary
8. Reviewing your beneficiary on a yearly basis or after life changing events.
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