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Community: Investing Wiki

Term Of The Hour

inherited IRA RMD: Original post by Mark Kennan of Demand Media When you inherit an IRA as a beneficiary, you cannot treat it as your own unless the decedent was your spouse. Otherwise, the Internal Revenue Service (IRS) requires that you start taking required minimum distributions (RMDs) from the account or pay penalties. The amount you have to withdraw each year depends on your age, the age of the decedent and the…

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