Ask Bob: How to Withdraw From a Beneficiary IRA

Robert Powell, CFP®

Question: I have a beneficiary IRA valued at $36,000. I am wondering if I should take it all out and pay taxes on it. I don't need the money.

Answer: It's tough to answer your question with the limited information available, says Beverly DeVeny, director of retirement education at Ed Slott and Company, but here are some factors to consider.

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