Inherited IRA

Momma2018
Mon, 29 Jan 2018 18:24:11 +0000

An inherited IRA is different from your own IRA. You can take it all out with no penalty - but you need to pay income taxes. In fact, she will be required to take out a minimum distribution each year based on her age. There is no waiting until age 70.5 with an IRA inherited from a non-spouse.