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URL:  http://boards.fool.com/hrse-quoti-did-not-mention-it-but-part-of-my-30930447.aspx

Subject:  Re: Order of paying off? Date:  10/18/2013  4:18 PM
Author:  JAFO31 Number:  307365 of 309666

hrse: "I did not mention it, but part of my retirement money includes $40,000 in a Beneficiary IRA, which I now own after my mother passed. I am taking the min witdraw most years.***
I consider this as a back-up of last resort to our E-fund.

. . .

footnotes:
*** incase any one was concerned, and I know you are because it's what we do: after her accident I sold a big chunk of what was in there, because I did not want money I might need stuck in NFLX, APPL or other stocks that we all know could get cut in half with no warning. We did make a significant withdraw in Feb after our E-fund was drained. Now that we are back on a budget, this fund is back to 100% stocks."


First, my condolences on your mother's death.

Second, you did not mention when your mother died, but from what you have written, I am concerned that you may not understand the rules with respect to inherited IRAs.

For any IRA inherited from a non-spouse, the beneficiary must withdraw all the funds from