Inherited an IRA? Avoid These Costly Tax Mistakes Before You Withdraw

If you've inherited an IRA, don't assume the best strategy is the obvious one. Whether you inherited an IRA from a spouse or another loved one, the withdrawal rules can be complex—and the decisions you make could have a significant impact on your tax bill. With the right planning, you may be able to reduce taxes and make the most of your inheritance. Before making any withdrawals or rolling an inherited IRA into your own account, it's worth understanding your options. Watch the video to learn some of the key rules every IRA beneficiary should know.