Inheriting Millions in an IRA? There Are Surprisingly Good Reasons to Turn Down the Money

Disclaiming an inherited IRA, "the legal equivalent of playing dead," could save you taxes if you know the rules.

Turn down an inherited IRA? That may seem implausible, but for some financially sound heirs, “disclaiming” their right to an inherited IRA could be a smart strategy for their families.

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Rachel L. Sheedy
Editor, Kiplinger's Retirement Report