# Inherited Portfolio Worth Less Than $1 Million

> Inherited portfolios often lose value due to taxes and fees.
- Title: Inherited Portfolio Worth Less Than $1 Million · 24/7 Wall St.
- Summary: Inherited portfolios often lose value due to taxes and fees. A $1 million inherited portfolio may be worth only $700,000 after taxes and fees over ten years.
- Keywords: inherited portfolio, taxes, ira, brokerage account, fees, estate tax, federal tax, state tax, Inherited, Portfolio, Worth, Less
- Source: 24/7 Wall St. — https://247wallst.com/personal-finance/2026/09/21/you-inherited-a-1-million-portfolio-heres-why-an-adviser-says-it-isnt-worth-1-million
- Author: Jake FitzGerald
- Published: 2026-09-22T01:20:11+00:00
- Read time: 1 min
- Topics: inherited portfolio, taxes, ira, brokerage account, fees, estate tax, federal tax, state tax
## Inherited Portfolio Value
A $1 million portfolio statement may not reflect real spendable money.
## Tax Impact
Federal and state taxes eat into inherited portfolio value.
## IRA Tax Rule
Inherited IRAs face a 10-year tax distribution rule.
## Tax Example
A $1 million IRA at age 58 adds $24,000 yearly federal tax.
## Tax Calculation
Ten years of tax costs $240,000 federal plus $5% state tax.
## Taxable Accounts
Taxable accounts reset cost basis to fair market value.
## Fee Costs
1% annual fees on $1 million cost $10,000 yearly.
## Protective Steps
Map account types and model tax impact before withdrawals.
## Key takeaway

A $1 million inherited portfolio may be worth only $700,000 after taxes and fees over ten years.