Ask The Experts: Money Matters

By Mike Miles

Beneficiary IRAs

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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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