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Blue Ridge Wealth Planners is a federally registered investment adviser under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply a certain level of skill or training. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. Blue Ridge Wealth Planners Form ADV Part 2A & 2B can be obtained by visiting and search for our firm name. Neither the information nor any opinion expressed it so be construed as solicitation to buy or sell a security of personalized investment, tax, or legal advice. The information contained in this is general in nature and for informational purposes only. It should not be considered as investment advice or as a recommendation of any strategy or investment product.

Investment advisory services offered through Blue Ridge Wealth Planners, an SEC Registered Investment Advisor. This material represents an assessment of the market and economic environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. Forward-looking statements are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed as to accuracy, does not purport to be complete and is not intended to be used as a primary basis for investment decisions. It should also not be construed as advice meeting the particular investment needs of any investor. Past performance does not guarantee future results.

Blue Ridge Wealth Planners does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.

Hypothetical example(s) are for illustrative purposes only and are not intended to represent the past or future performance of any specific investment. Actual results will fluctuate with market conditions and will vary over time.

Converting an employer plan account or Traditional IRA to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may have several consequences including but not limited to, a need for additional tax withholding or estimated tax payments, the loss of certain tax deductions and credits, and higher taxes on Social Security benefits and higher Medicare premiums. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.

Blue Ridge Wealth Planners is an investment advisory firm, and not an accounting firm. Viewers are encouraged to consult with a tax professional to assist them with their specific tax situation. This video is for informational purposes only and should not be considered as tailored financial or tax advice. Viewers should consult with a financial services professional to assist them with their investment and financial planning questions.
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We are based in Knoxville and Chattanooga!

A successful retirement plan means having a clear and achievable plan for your taxes, income, investment, healthcare, and legacy. If you are missing a piece of your financial puzzle or just want a second opinion, contact us at 865-392-4260 or visit

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LEARN MORE ABOUT: IRA Accounts

TRANSFER IRA TO GOLD: Gold IRA Account

TRANSFER IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

I Just Inherited A Roth IRA. What Do I Need To Know?

Inheriting a Roth IRA can be a significant financial benefit, but it also comes with some important considerations and responsibilities. Whether you are the spouse, child, or non-spouse beneficiary, knowing the rules and regulations regarding inherited Roth IRAs is essential. Here are some key things you need to know if you have just inherited a Roth IRA.

First and foremost, it’s important to understand the tax implications of inheriting a Roth IRA. Unlike traditional IRAs, Roth IRAs are funded with post-tax dollars, which means that qualified distributions are tax-free. This is a significant advantage, but it also means that the rules for inherited Roth IRAs are different from traditional IRAs.

As a beneficiary, you have several options for handling the inherited Roth IRA. If you are the spouse of the deceased account holder, you have the option to treat the account as your own, which means you can continue contributing to it and are not required to take mandatory distributions. This can be a valuable way to continue to grow the account and enjoy tax-free withdrawals in retirement.

If you are a non-spouse beneficiary, you have different options for handling the inherited Roth IRA. You can choose to take a lump-sum distribution of the account balance, but this will result in income tax on any earnings that have not already been taxed. Alternatively, you can choose to take distributions over a period of time, either over 5 years or over your life expectancy. This can be a good option if you want to spread out the tax liability over time.

It’s important to note that if you inherit a Roth IRA from someone other than your spouse, you are not allowed to roll it over into your own IRA. Instead, you must set up an inherited IRA and follow the specific rules for distributions and contributions.

Another important consideration is the impact of the Secure Act, which was signed into law in December 2019. Under the Secure Act, non-spouse beneficiaries are required to distribute the inherited IRA funds within 10 years of the original account holder’s death. This change may affect your tax planning and distribution strategy, so it’s important to be aware of this new rule.

In addition to understanding the tax and distribution rules, it’s also important to review the investment options and consider your long-term financial goals. You may want to consult with a financial advisor or tax professional to help you make informed decisions about how to best manage the inherited Roth IRA.

Inheriting a Roth IRA can be a valuable financial asset, but it’s important to understand the rules and options available to you as the beneficiary. Taking the time to educate yourself and make informed decisions can help you maximize the benefits of the inheritance and ensure that you are in compliance with tax and retirement account regulations.