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Personal Finance and Investing

PoindexterOglethorpe

(27,021 posts)

5. So you have to pay taxes on money you would otherwise not have had.

Reply to mahatmakanejeeves (Original post)

Tue Mar 15, 2022, 10:58 PM

Mar 2022

What exactly is the down side?

Sort of like people complaining bitterly because there are taxes on a house sale, as in something they bought for $20,000 in 1970 and now sells for a half million dollars. Just ask yourself, are you ahead of the game? I think you are. Stop complaining.

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New Tax Rules Force Faster Payouts for Some IRA Holders. The rules on inherited retirement accounts [View all] mahatmakanejeeves Mar 2022 OP

Interesting Sherman A1 Mar 2022 #1

IRAs are called Individual (Retirement) Accounts. doc03 Mar 2022 #2

I actually think inherited IRA, annuities etc. jimfields33 Mar 2022 #3

(non-paywall) IRS Nixes 10-Year Stretch For Most Inherited IRAs, Forbes, 3/4/22 progree Mar 2022 #4

So you have to pay taxes on money you would otherwise not have had. PoindexterOglethorpe Mar 2022 #5