Quote:
Originally Posted by retiredguy123
I would add that the same tax free treatment does not apply to an inherited Traditional IRA, if the money was initially deposited as a tax deduction. Also, there are complicated IRS rules for when the heirs must withdraw the money and pay the income tax.
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I have an inherited IRA from my mother. It is not much but it is a gift that keeps on giving. I don't believe it is still an option. You are forced to withdraw every year from the time you get it.
Someone once told me the amount you are FORCED to withdraw forces you to reduce it to zero by the time you reach 100. Mine is in the market and is growing after my FORCED withdrawal.
MATH? How far past 100 will the IRS allow me to live?