220k

[james357]

Next month I am thinking of investing an inherited IRA that has matured into 5 year annuity at 4.3%. 220k
And taking the Required minimum distribution. I have to move the money out and soften the amount of taxes. Since it was inherited 2015 I don't have the 2019 10 year rule. But have to take Required minimum distribution until it is done.

 

[basstracker89]

If you can, put it in a Roth account. It'd be a rollover and you can't touch it without penalties for 5yrs, but after that....No taxes on earnings

 

[james357]

If you can, put it in a Roth account. It'd be a rollover and you can't touch it without penalties for 5yrs, but after that....No taxes on earnings

Different rules for inherited.
I take it and invest it as it is taxed. Thanks for the feed back.

 

[Boogar Presley]

OK