Distribution from inherited CD IRA’s to fund college tuition
Client’s mom died 2 yrs ago leaving $80,000 for each of her grandchildren ages 13, 14, 16 in separate CD IRA’s. Money was intended to be used for college funding. What is the maximum amount a child can access from an inherited IRA for tuition?
Permalink Submitted by Al Fry on Wed, 2007-08-29 20:55
There should be no limit, if they are inherited IRAs.