TightLines
Dryer sheet wannabe
OK...a break from all the coronovirus threads My son and daughter are going to receive an inherited IRA in a week or so of about 45k each. They are 18 and 20 years old and make very little income because they are still both in college.
They will be required to take RMDs but is it best now to take everything now and reinvest it because they are in a low tax bracket? I'm thinking, maybe have them reinvest it in a Roth?
They will be required to take RMDs but is it best now to take everything now and reinvest it because they are in a low tax bracket? I'm thinking, maybe have them reinvest it in a Roth?