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Inherited a ROTH IRA, Just Found Out About Required Minimum Distribution.
Inherited a ROTH IRA, Just Found Out About Required Minimum Distribution. I guess, as I understand it, the IRS requires me to use a part of it every year according to some formula? The formula is something about $AccountBalance divided by Life Expectancy Factor and that's how much of it I have to use or get penalized up to 25% of that amount? Am I understanding that right?
submitted by /u/PoniardBlade ...
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