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Community: Investing Wiki

Term Of The Hour

close inherited IRA: Original post by Maggie McCormick of Demand Media Inheriting an individual retirement account (IRA) can give you a tidy sum of money that you could use to pay off debt or make a large purchase, such as a home. Though you do have the option to roll the IRA over and take a little bit of money each year, you can also dissolve an inherited IRA to receive a lump sum amount. Note that you'll owe taxes…

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