It is easy to daydream about receiving a surprise inheritance from a long-lost relative and never having to think twice about it. In real life, though, many inheritances come with questions, rules, and important decisions, especially when an IRA is involved. On today’s episode of BullCast, we discuss inherited IRAs, explain the different beneficiary categories, and walk through what it can look like to inherit an IRA from a spouse, sibling, or parent. If you have ever wondered how inherited IRAs work or what steps come next, this episode will help you understand the basics and prepare for the road ahead.