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re: Inherited IRA Question

Posted on 2/1/24 at 4:15 pm to
Posted by HoustonChick86
Catalina Wine Mixer
Member since Dec 2009
57961 posts
Posted on 2/1/24 at 4:15 pm to
quote:


Once that’s done, you should consider how much room you have in your tax bracket each year if you plan to spend it down quicker than the RMDs. Again, consult CPA. All at once is rarely a good idea, even with interest rates on debt.

I took that into consideration. I could take half and keep us in the same tax bracket and then take the other half another time or just disbursements from there on out.

The student loans are still $30k and I like the idea of debt free minus the house.

I guess I should find a CPA. Was hoping it was a simple answer.
Posted by slackster
Houston
Member since Mar 2009
86950 posts
Posted on 2/1/24 at 4:29 pm to
I get it. It could be a good idea but you really want to address the missed RMDs asap.
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