Prepare to Start Taking Money Out of Your Inherited IRA

Prepare to Start Taking Money Out of Your Inherited IRA
After the SECURE Act, heirs now have two options. Dreamstime/TNS
Tribune News Service
Updated:
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By Sandra Block From Kiplinger’s Personal Finance

If you’ve postponed taking required distributions from an inherited individual retirement account (IRA), mark your calendar. There’s a good chance you’ll need to start taking withdrawals from your account next year to avoid a hefty penalty from the Internal Revenue Service (IRS).