Inherited an IRA? 5 steps to take now.

The passing of a loved one creates emotional and financial challenges. The situation gets trickier when an inherited IRA is involved, and you are listed as a beneficiary. The tax rules on inherited IRAs are complicated, and mistakes can be costly. Try giving yourself a head start on managing your inheritance wisely by following the five steps below. Learn more: What is an IRA, and how does it work? Step 1: Learn the IRA vocabulary The language of retirement accounts can be confusing. Refreshing your k ...