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.