By Elliot Raphaelson
Q: My dad passed away in April 2020. He left me his traditional IRA. He was 80 and was taking required minimum distributions. I understand from your columns and others that I am required to take required minimum distributions each year because of the SECURE Act. I was under the impression that, although I had to withdraw all of the assets by the end of the 10th year, I was under no obligation to make any withdrawals in years 1-9. I have made no withdrawals yet. What are my options? Naturally, I want to avoid any penalties.
