SECURE 2.0 changes when and how retirees must take RMDs—cutting penalties and increasing flexibility to help you keep more of ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers five questions on inherited IRAs.

If you miss your RMD deadline, you could be subject to a 25% tax penalty from the IRS. You are responsible for calculating and withdrawing the correct amount each year by the applicable deadline.