Inheriting an IRA from someone other than a spouse comes with its complexities. Join Mark Stratis, CFP®, Senior Financial Planner, in our insightful FOX8 interview as he demystifies non-spousal inherited IRAs.

🌟 Key Explorations:
• Understanding Confusion: Mark addresses why there’s widespread confusion surrounding non-spousal inherited IRAs.
• Distribution Rules Impact: Clarity on how the required distribution rules affect beneficiaries.
• Actionable Steps: What steps you should consider taking as a beneficiary.

🔍 Why It Matters:
Inheriting an IRA can be a complicated process, with important rules and implications for financial planning. This interview is crucial for:
Beneficiaries of non-spousal IRAs seeking clear, actionable guidance.
Anyone who might inherit or leave an IRA to a non-spouse.

👉 Navigate Your Inheritance with Confidence – Watch Now!

Originally aired October 3, 2023.

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker Dealer, member FINRA/SIPC. Advisory Services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Cambridge and Szarka Financial are not affiliated. Fixed Insurance services offered through Szarka Financial….(read more)

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Inheriting an IRA: Guidance with Mark Stratis, CFP®

Inheriting an Individual retirement account (IRA) can be a complex and overwhelming process, especially if you are not well-versed in the intricacies of tax laws and financial planning. That’s why it’s crucial to seek guidance from a certified financial planner like Mark Stratis, CFP®.

Mark Stratis is a seasoned financial planner with years of experience helping clients navigate the complexities of retirement planning, estate planning, and wealth management. With his expertise, he can provide valuable insight and guidance on how to make the most of an inherited IRA.

When it comes to inheriting an IRA, there are several important factors to consider. First and foremost, you need to understand the different options available to you as a beneficiary. This includes deciding whether to take a lump-sum distribution, set up a inherited IRA, or disclaim the inheritance altogether.

Mark Stratis can help you weigh the pros and cons of each option based on your individual financial situation and goals. For example, taking a lump-sum distribution may result in a significant tax burden, while setting up an inherited IRA can provide you with a tax-efficient way to stretch out the withdrawals over your lifetime.

In addition to helping you make informed decisions about your inherited IRA, Mark Stratis can also assist you in developing a comprehensive financial plan that aligns with your long-term goals. This may involve coordinating with other financial professionals, such as estate planners and tax advisors, to ensure that your inheritance is properly integrated into your overall financial strategy.

Ultimately, inheriting an IRA is a major financial responsibility that requires careful planning and consideration. By working with a trusted financial planner like Mark Stratis, CFP®, you can gain peace of mind knowing that you have a knowledgeable and experienced professional guiding you every step of the way.

If you have recently inherited an IRA or are in the process of planning for the future, consider reaching out to Mark Stratis for expert guidance and support. With his wealth of expertise and dedication to helping clients achieve their financial goals, you can rest assured that your inheritance is in good hands.