Don't lose part of your IRA
inheritance to penalties
If you inherit an Individual
Retirement Account from someone other than your spouse, you may be surprised to
learn you have to take distributions. That's generally the case whether the IRA
is a traditional or a Roth account. If you fail to take the distributions as
required, you may owe a penalty of as much as 50% of the amount you should have
taken. Distributions from inherited IRAs have specific deadlines. Contact us
for help managing these key dates.
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