Dan, I inherited a $25,000IRA from my uncle, single and with no children, who died last year at 79 ... You can either take the money out of your uncle’s IRA now, accept your uncle’s IRA as an Inherited IRA for yourself, or you can disclaim it.
Wealth Enhancement reports the IRS has raised 401(k) contribution limits to $24,500 and IRA limits to $7,500 in 2026, improving retirement savings ....