Savvy Senior: How to manage an inherited IRA from a parent

Dear Savvy Senior,

What are the rules regarding inherited IRAs? When my mom died this year, I inherited her traditional IRA and would like to know what I need to do to execute it properly.

Confused Daughter

Dear Confused,

I’m very sorry about the loss of your mother. Inheriting an IRA from a parent has a unique set of rules you need to know, which will help you make the most of the money you inher...