Inheriting an individual retirement account (IRA) comes with specific tax obligations that can feel overwhelming during an already difficult time. One of the most important requirements to understand ...

Q. My total basis in my traditional IRA as shown on IRS Form 8606 is much more than the total amount I have contributed. This a non-deductible IRA. I am under the impression that the basis refers to ...

It pays to calculate RMDs (Required Minimum Distributions) as you approach retirement or if you are already retired. You'll avoid tax penalties and preserve more of your retirement savings. Besides ...