Inherited Retirement

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  • Earl
    Senior Member
    • Mar 2006
    • 249
    #1

    Inherited Retirement

    Taxpayer inherited friend's retirement funds. One fund was a direct benefit pension and the other was a 401k type. Total in the $60,000 range. Did not roll either over to IRA.

    Any suggestion on reducing taxes or is he stuck with the results now.
    Tags: None
    • Burke
      Senior Member
      • Jan 2008
      • 7068
      #2
      I assume this was way over 60 days ago? Probably stuck now. They should have given him some options. They are required BY LAW to do this now.

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