About this episode
This episode discusses the complexities of inheriting accounts and the associated tax implications.
Inheriting money can be a blessing, however depending on your relationship to the deceased and the account type, the rules on how you are taxed can be dramatically different. Donna and Nathan discuss stepped-up basis, non-spousal inherited IRA distributions, the 10 year rule, and more. Also on MoneyTalk, ways to catch up on your savings, and Stock Trivia: Two Truths and a Lie. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Air Date: 5/7/2026; Original Air Dates: 7/9/2024 & 8/27/2024. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air! See omnystudio.com/listener for privacy information.
People in this episode
Hosts: Donna Sowa Allard, Nathan Beauvais
Topics covered
- inheriting money
- tax rules
- IRA distributions
- stepped-up basis
- savings strategies
- stock trivia
Keywords
- inheriting accounts
- tax implications
- non-spousal IRA
- 10 year rule
- savings
- stock trivia
Mentioned in this episode
Organizations: Cumulus Providence
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