Hey all. I'm inheriting about 260k in an IRA after my mom passed away. Reading up on the taxes/RMD most articles mention it being better to spread it out over the 10 years to avoid as much in taxes. However, if I let it compound in the inherited IRA the balance is going to increase leading to more cash I have to pay tax on eventually. Is it better to just get it out, take the hit and then let it start to grow again where I'm not forced do anything with it?
Submitted August 01, 2024 at 01:17AM by gspotfrenzy https://ift.tt/W3bOPGu
