I Have Inherited an IRA—Now What? 5 Steps to Avoid Costly Mistakes (Ep. 52) 6o2a4p

Inheriting an IRA can feel like stepping into a financial minefield — but with the right guidance, you can avoid costly mistakes and make the most of your legacy. How do you know which rules apply? What if you miss a critical tax deadline? What should you do first? In this episode, I break down the five essential steps every woman should take after inheriting an IRA. I explain how the Secure Act changed the rules, when required distributions apply, and how to think about taxes and investment strategy. Topics covered: How to determine if you’re a spousal or non-spousal beneficiary The importance of knowing your IRA type: Traditional vs. Roth Required distributions and understanding the fine print of the 10-year rule Tailoring investment strategies to your individual needs post-inheritance Tips for tax-efficient distribution strategies, including qualified charitable distributions And more! Resources: Get Your FREE Simply Retirement Roap  #50 – Women Will Soon Control the Financial Landscape – But Is the Financial Services Industry Ready? #6 – Why the Right Questions Can Save Your Retirement #3 – Preparing for Retirement: Seven Essential Strategies for Successful Investing in Retirement 2025 Tax and Retirement Planning Guide – Important Numbers your free checklist to make confident decisions with an inherited IRA Connect with Eric Blake:  www.TheSimplyRetirementPodcast.com the Simply Retirement Newsletter Ask a Question or Suggest a Topic for the Podcast Blake Wealth Management YouTube  3z571c