IRA DISTRIBUTIONJ
I inherited IRA fom deceased spouse. if I do not withdraw all money within 5 year rule, what options I can have? and how much taxes I owe on distribution
I inherited IRA fom deceased spouse. if I do not withdraw all money within 5 year rule, what options I can have? and how much taxes I owe on distribution
Permalink Submitted by Alan - IRA critic on Tue, 2018-01-16 17:07
There is no 5 year rule unless the IRA was left to spouse’s estate instead of you directly. Who was named as the beneficiary on this IRA at the time of death? How old was spouse at the time of death?