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mawhinney Date: 7/20/00 10:34 AM Number: 4553
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<<Problem: An inherited IRA CD worth $60,000 paying 5.5% compounded daily that does not mature for another year. IRA rules require I take about 10% a year in distributions. If I sell the CD now, the penalty would be $1,600.

What are your thoughts?
>>

I think you should check with the bank issuing such a CD. Many CD's provide for some sort of relief from penalties in the event of the death of the original owner.

Sincerely,

DHatch

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