Inherited IRA

blossom
Mon, 29 Jan 2018 19:38:57 +0000

Apologies for having misposted, Momma is correct- you can take it out with no penalty but if you take it all out, the entire lump sum is added to her income that year for tax purposes. But the real “hit” is that she loses the opportunity to have this nest egg growing tax deferred.

But again- for profit school?