How to Protect Your Inheritance: Must-know Tips And IRS Regulations For Retirement Accounts

SCHEDULE A CALL: https://bocaretirement.com/contact-us/ Join Hunter Brockway from Boca Retirement Strategies as he delves into the complexities of inheriting retirement accounts and the importance of correctly managing Required Minimum Distributions (RMDs). This video discusses the nuanced rules set by the IRS, particularly in light of recent changes under Secure Act 2.0. It covers different scenarios for spouses, non-spouses, individuals with disabilities, and more. Learn how to make informed decisions to minimize tax impacts and properly honor a loved one's financial legacy. Also, discover the benefits of participating in the Retirementality mastermind group for peer support and shared solutions on retirement planning. 00:00 Introduction: The Unseen Tax Burden After Death 00:58 Understanding Required Minimum Distributions (RMDs) 02:22 Inherited RMDs: Rules and Options for Spouses 03:39 Inherited RMDs: Rules for Non-Spouse Beneficiaries 04:34 Tax Planning Strategies for Inherited IRAs 05:58 Final Tips and Considerations 06:45 Conclusion and Additional Resources 06:59 Join Our Retirement Mastermind Group #wealthmanagement #moneymindset #retirement #rmds