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Author: inparadise Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: Re: Inheritance Question Date: 1/1/2014 4:56 PM
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I am sorry for your loss. What a time of year for that to happen.

When Dad passed, we were able to question the folks who held the money we would inherit as to what the tax burden would be given our options. Some would be taxable no matter what, some could be rolled over to an inherited IRA and only the RMDs would be taxed, others still could be left with the company, but only for 5 years, at which point full distribution would have to be made. Since there are so many flavors of annuities, depending on how they were held, the folks who have the money invested would be the first to question as to your options. The info as to what the tax treatment would be if you took it from their account is the first step in knowing what to do next.

Best wishes for a wonderful new year,

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