This article is accurate to the best of my knowledge, but you are responsible for verifying the information before using it. Which Distribution Option Should I Choose? The real question you need to answer is “What available option is best for my financial situation?” Common situations might be needing money now, wanting to minimize loss…

This article is accurate to the best of my knowledge, but you are responsible for verifying the information before using it. Introduction I inherited a small Traditional IRA from my mother. This article started from researching how all three children could pay the least possible taxes (legally) while taking distributions from the inherited IRA. I…

This article is accurate to the best of my knowledge, but you are responsible for verifying the information before using it. The Tax Rules A simplified explanation of the tax policy for a Traditional IRA is listed below. These are generally true, but there are nuances and exceptions to the policies below. This is for…

This article is accurate to the best of my knowledge, but you are responsible for verifying the information before using it. RMDs: Implications These three points might not be obvious: Why do you care? Inheritance Options: Clarification Yeah, the inheritance rules are confusing. The IRS overview page gives limited information on what the rules mean,…

This article is accurate to the best of my knowledge, but you are responsible for verifying the information before using it. Appendix A: Resources The sources used for this article include: Appendix B: Terms Some of these definitions are specific to this article/topic. Prev: What to Do? Next: Short Attention Span

This article is accurate to the best of my knowledge, but you are responsible for verifying the information before using it. Short Attention Span IRA If you have the attention span of burnt white bread toast, here is the short answer for most people. This makes even more assumptions that I perceive as typical situations…