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Retirement beneficiary
My dad passed away this year and I am one of his beneficiaries. I believe I am required to take his retirement money as a lump sum payout. How much taxes should I expect to pay on this (I've been figuring 20%) and how do I go about doing that now instead of in 2024 when taxes come due? Is there anything I can do to minimize the amount I will be taxed on this?
‎October 25, 2023
11:18 AM