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Pastimes : Where the GIT's are going -- Ignore unavailable to you. Want to Upgrade?

To: Neeka who wrote (185647)10/31/2009 7:34:43 AM
From: Ken Adams  Read Replies (1) | Respond to of 225578
 
There is a formula for the amount that must be taken from an IRA after the age of 70-1/2. It's not a lot of money each year. This year (2009) they have waived the requirement for a withdrawal, so I won't be taking anything out. Inherited money isn't taxed until it gets up into the really big numbers. Some of the resident attorneys can handle this one.



To: Neeka who wrote (185647)10/31/2009 11:58:02 AM
From: Alan Smithee  Read Replies (1) | Respond to of 225578
 
Decedent's IRA's are taxed as income to the recipient at the recipient's tax rate when withdrawals are made.


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