I just inherited a $700k IRA - How should I handle the mandatory RMDs over the next decade?At age 73, individuals must take Required Minimum Distributions to ensure tax collection on retirement funds.RMD calculations include account balances, age, and life expectancy.
Inherited 401(k) rules: What beneficiaries need to knowUnderstanding rules for inheriting a 401(k) is vital to avoid penalties and maximize benefits based on your relationship with the account holder.