I inherited an IRA from my grandmother last year, who passed away in 2017. It was valued at around $25k with a mix of cash, mutual funds, and stock.
By the time the money was in my inherited IRA it was the end of December and I didn’t have much time to research the different ways of withdrawing it.
I did the RMD method, which for my age (29), worked out to be around $5k. From what I’ve read, all he money has to be out of the account within 5 years.
Does anyone know if I’m doing this right?
I figured if I took out the highest minimum that different scenarios were giving me, I would be alright tax wise. But if it’s possible, I’d rather not be pulling so much out, and let the money sit and grow.
Submitted February 10, 2019 at 08:11AM by Capt-Lovebug http://bit.ly/2E2D1Qd
