Critical Choices for IRA Beneficiaries

Inheriting a traditional IRA comes with a bit of a learning curve: RMDs, taxes, deadlines, penalties, spousal rules, non-spousal rules ... all are important to know and understand.

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Retirement account holders aren’t the only ones who need to plan how to make prudent investment selections, minimize taxation and strategize when to take withdrawals. Perhaps you are the designated beneficiary of a traditional IRA or recently inherited one. If you don’t effectively manage your inherited accounts, you may be penalized if you are unaware of the complex rules, restrictions and deadlines involved. You need that know-how to make crucial choices upon inheritance and avoid irrational last-minute decisions.

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Carlos Dias Jr., Wealth Adviser
Founder and President, Dias Wealth LLC

Carlos Dias Jr. is a financial adviser, public speaker and president of Dias Wealth LLC, in the Orlando, Florida, area, offering strategic financial planning services to business owners, executives, retirees and professional athletes. Carlos is a nationally syndicated columnist for Kiplinger and has contributed, been featured or quoted in over 100 publications, including Forbes, MarketWatch, Bloomberg, CNBC, The Wall Street Journal, U.S. News & World Report, USA Today and several others. He's also been interviewed on various radio and television stations. Carlos is trilingual, fluent in both Portuguese and Spanish.