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July 24, 2017

Avoid costly mistakes if you inherit an IRA, 401(k)

By REBECCA WALSER
Walser Wealth

Anyone who just inherited a deceased parent's IRA or 401(k) could be about to commit a costly blunder.

You can take the money from that retirement account in one big lump sum, no matter how young you are, but that will trigger a tax bill — probably a hefty one.


 
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