IRA Financial’s Adam Bergman discusses the Inherited IRA rules and the differences of being a spousal beneficiary and a non-spouse one. If you own an IRA, make sure you name your beneficiaries and know what happens when you pass.
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About IRA Financial:
IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(K) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.
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This is super thorough
When you say the pre tax rmd is taxed ..does that mean you pay tax twice? Once to get the money from the ira and then to the govt as taxable income?