Inherit a Parent’s $220,000 IRA at 58 and Spread It Over Ten Years at 22%. Cash It Out the First Year Like Most Heirs Do, and on a $90,000 Salary About $90,000 of It Lands at 32% and 35%
Quick Read Spreading a $220,000 inherited IRA over 10 equal withdrawals keeps all distributions taxed at 22%, costing $48,400 in...