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I’m in my 70s. Should I take the tax hit and withdraw all of my inherited IRA to avoid required minimum distributions?
Yahoo Finance·2025-10-28 03:13

Big tax bills are a common complaint. “Do the math,” said Karl Frank, a certified financial planner and president of A&I Wealth Management. “Tax headaches for small distributions are a nuisance,” he said. “See how much you can take before you hit the next higher tax bracket. Then, take out as much as you can before paying more in taxes.”Inheriting such a sizable IRA is, of course, something to be grateful for, but the wrong investment and withdrawal strategies could definitely make it a bit of a headache, t ...