How do I know if I’m an Eligible Designated Beneficiary (EDB)?
You’re an EDB if you’re: A minor child of the account holder Disabled or…
What happens if I miss an RMD?
You may face a 25% penalty, reduced to 10% if corrected promptly. Relief is…
Are minor children subject to the 10-year rule?
Not until they reach the age of majority (typically 21). Until then, they qualify…
What is the 10-year rule?
Most non-spouse beneficiaries must fully withdraw the inherited IRA within 10 years of the…
Do I have to pay taxes on distributions?
Yes, for traditional IRAs—distributions are taxed as ordinary income. Roth IRA distributions are tax-free,…
Can I roll an inherited IRA into my own IRA?
Only a spouse can roll an inherited IRA into their own IRA. All others…
What is an Inherited IRA?
An Inherited IRA is a retirement account passed to a beneficiary after the original…
What is the difference between fiduciary and suitability standard?
A fiduciary is legally bound to act in your best interest, while the suitability…
Why should I choose a fiduciary financial advisor at Passive Capital Management?
At PCM, we prioritize your needs above all else. As fiduciaries, we offer transparent,…
How are fiduciaries compensated?
At Passive Capital Management, we are fee-only advisors. This means our advisors are compensated…