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Retirement tax questions
For an IRA inherited before 2020, your choices were to withdraw it over five years, (five year rule) or to withdraw it over your lifetime. If you did not withdraw all the money in the first five years, then you are deemed to have automatically chosen the lifetime rule. You can withdraw more if you want to, but you always must withdraw at least your own RMD each year.
‎December 14, 2023
8:44 AM