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Ask an Advisor: My Dad Left Me $200k in an IRA, but I'm in the 35% Tax Bracket. How Should I Structure My Withdrawals?

I was left $200,000 in an IRA Beneficiary Distribution Account (BDA) when my father passed. I have 10 years to withdraw this money. I'm at the 35% federal tax rate currently and plan to make a similar annual income over the next 10 years. Taking the money out in one lump sum would not change […] The post Ask an Advisor: My Dad Left Me $200k in an IRA, but I’m in the 35% Tax Bracket. How Should I Structure My Withdrawals? appeared first on SmartReads by SmartAsset. ....

Brandon Renfro , Distribution Account , Federal Tax Rate , Financial Advisor , Max Bracket , Income Taxes , The Ira ,