Making mistakes with IRA distributions can be very costly.
Karin Price Mueller | NJMoneyHelp.com for NJ.com
Q. My mother-in-law had an IRA from which she was taking distributions. She passed away and my wife became the beneficiary and took a few distributions before she died. Both died before 2020. I became the beneficiary of my wife’s inherited IRA of which I took a distribution once based on my wife’s life expectancy. I did not take a distribution last year based on the SECURE Act. This year I am confused as to what to do.
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