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    28 y/o, feeling stressed after transferring $7k into 2024 Roth IRA contribution

    @fredg61 Yep! Federal estate tax currently only applies if you pass down more than $13.61 million (or double that for a married couple).
  2. S

    28 y/o, feeling stressed after transferring $7k into 2024 Roth IRA contribution

    @fredg61 Yes! There are no taxes owed on inherited Roth IRAs. They can even continue to grow tax free for 5 years after the original owner passes away. (The only real exception is estate tax, in some cases, which is a whole other issue but doesn’t apply to most people.)
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