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

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 Roadmap 
• #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
• Download your free checklist to make confident decisions with an inherited IRA

Connect with Eric Blake: 

• www.TheSimplyRetirementPodcast.com
• Join the Simply Retirement Newsletter
• Ask a Question or Suggest a Topic for the Podcast
• Blake Wealth Management
• YouTube