When a family member has passed away, many find themselves confused about how to best deal with issues regarding inherited assets. Kimberly Lankford at Kiplinger does a good job of briefly describing the options associated with an inherited IRA.
She mentions some very good options when making a decision to withdraw money from an inherited IRA. Some things you will need to consider:
I encourage you to read the entire article here: Withdrawing Money From an Inherited IRA
If you could use some friendly advice on a similar situation, give us a call at 239-254-8161 and we will gladly walk you through your options.
Stephen D Osborne