By Mike Miles
December 31st, 2012 | Uncategorized
Q. My husband and I inherited IRAs from my mother when she passed away at age 86. Why must I take required minimum distributions from these IRAs when I am only 59 years old and my husband is 46?
A. Because the rules for beneficiary IRAs say you do. Or, you could not and pay the 50 percent penalty instead.
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