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I'm in my 70s. Should I take the tax hit and withdraw all of my inherited IRA to avoid required minimum distributions?

By Yahoo! Finance   |   1 month ago
I'm in my 70s. Should I take the tax hit and withdraw all of my inherited IRA to avoid required minimum distributions?

A retiree in their mid-70s with over $1.5 million in traditional IRA savings and investments is considering transferring an inherited IRA to a non-retirement account to avoid future RMDs and reduce tax and Medicare premium impacts.

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