« on: June 09, 2024, 03:23:59 pm »
Rules on inheriting a 401(K) have been revamped - everything you need to know and how to avoid a shock billDAILYMAIL.COMBy TILLY ARMSTRONG9 June 2024 Retirement accounts are an important part of the financial assets many Americans plan to pass on to family.But constantly changing rules mean that many people are confused about what is required of them if they inherit a 401(K) or an IRA.The regulations around inheriting retirement accounts are complex, and depend on the type of plan and the relationship between the beneficiary and the original owner.But it is crucial to understand these rules in order to avoid a shock tax bill, experts warn. The Internal Revenue Service (IRS) requires that Americans who inherit retirement accounts withdraw the savings over a certain time period, in what is known as required minimum distributions (RMDs). (more)https://www.dailymail.co.uk/yourmoney/retirement/article-13494613/rules-inheriting-retirement-account-shock-bill-401k.html
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You cannot "COEXIST" with people who want to kill you.
If they kill their own with no conscience, there is nothing to stop them from killing you.
Rational fear and anger at vicious murderous Islamic terrorists is the same as irrational antisemitism, according to the Leftists
