An inherited IRA lets you keep retirement savings in a tax-advantaged account, but you’ll need to follow strict distribution ...

Some people like to imagine the ideal windfall: A surprise (and tax-free!) inheritance from a distant relative whom you barely remember or never met. It’s much less fun to think about navigating a ...

Inheriting assets may provide a new level of financial security, but it may also come with some unexpected tax consequences. Our Jonathan Skinner recently discussed with financial expert Jay McGowan ...

Internal Revenue Service reminds taxpayers that inheriting a retirement account, such as an IRA or 401(k), could come with ...

Since Ryan is inheriting his mother’s investments, a step-up in basis provision would apply. This means that the taxes owed ...