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Reply to "Irs clarified inherited IRA RMDs"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t understand [/quote] Non-spouse, Non-Roth: If you inherit an IRA.. AND the person you are inheriting from is already on RMD THEN you are expected to withdraw money based on an RMD schedule with a baloon withdrawal in year 10 If you inherit an IRA.. AND the person you are inheriting from is not on RMD THEN you can withdraw money anytime during the 10 year period Roth-IRA: You can withdraw money anytime during the 10 year period Spouse: No RMD requirements other than your own.[/quote] I know I'm just a poor working schlub but I don't think I have a problem with this rule. What is the objection?[/quote] People don't want to be told what to do. They want to be able to withdraw whatever they want, whenever they want. Every little rule they don't like will now be litigated thanks to the idiots in the SC overturning an established precedent. The funny thing is, most people think it's for their benefit when it's really for the benefit of large corporations at the cost of poors like them (regardless of what they think of themselves). Lawyers and corporations benefit.[/quote]
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