Back to top

Blog Archive

Click here to go back

Inherited IRAs…What are your options?

Posted by McDonald & Osborne Posted on Oct 09 2015

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:

  • Whether your relative had begun taking required minimum distributions from the account
  • The age of your relative and your age and life expectancy
  • Timing considerations and deadlines for making decisions

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
Accountant
SOsborne@mo-cpa.com