SMART TAX PLANNING Roth IRAs don’t require withdrawals

unless they’re inherited. Here’s what you need to know

KEY POINTS

Roth individual retirement accounts don’t have required minimum distributions during the original owner’s lifetime. Those rules change for the owner’s heirs.
Heirs must generally empty the account within 10 years.
Accounts inherited before 2020 can still use the stretch IRA strategy.
The timeframe for RMDs varies according to the beneficiary’s relation to the deceased. Read more

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 Advisor. Cambridge and James River Advisors are not affiliated. Investment products and services available only to residents of VA, TN, and NC. Advisory services are available to residents of all 50 states.

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SMART TAX PLANNING Roth IRAs don’t require withdrawals —