There is not a 50% tax on IRAs. It is 25% on the RMDs that you don't take. And that is not applicable here since you just got the account.
[Edited 02/05/2025 04:56 PM PST]
@mberelake4
@mberelake4
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
