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When someone inherits an IRA, one of the first questions is: “Can I just leave it alone and let it keep growing?”
The rules changed under the SECURE Act. Many inherited IRAs must now be distributed within 10 years, and depending on the situation, annual withdrawals may also apply. That can create unexpected tax consequences if withdrawals aren’t planned carefully.
Waiting until year 10 to withdraw everything can sometimes lead to a large tax bill depending on your circumstances. If you or someone in your family inherits a retirement account, understanding these rules can make a big difference.
🎥 Watch the video for a brief explanation below.
