Inherited IRA

blossom
Mon, 29 Jan 2018 15:54:48 +0000

To add to Happymom’s fine post which has one factual error:

is this a for profit school by chance? And if so, is there a non profit community college she can attend for the same program?

And there ARE penalties for early withdrawal of an inherited IRA, just like any other tax deferred vehicle.

But the extra $200 distribution should not impact her financial aid in any meaningful way (it’s just $200).