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Author: jaknix Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 123538  
Subject: Another Inherited IRA Question Date: 10/26/2007 10:44 AM
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My Dad who was 67 recently passed away. Since he was not married at the time of his death, his four children are his beneficiaries. The company that has his IRA sent us a "Beneficiary Retirement Account Application" and told us that my Dad ws taking distributions so our only option is to choose the "Life Expectany Payments".

My Dad is going to have huge medical bills and the money is needed to pay them. In research I read that even though he took the distributions, he wasn't required to so our options of taking the money all at once are available.

Any help would be greatly appreciated. I understand my tax liability. The important issue to all of his children are that his bills be paid which are only hospital at this time.

Thank you
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