can i take out one half of my inherited ira
The more money you take out of an inherited IRA, the more tax you pay. If you inherit an IRA from your spouse, you can keep money in the account until you retire.If you inherit from anyone else, you must make annual minimum withdrawals and pay tax on them until the account is empty.ithdrawals. There's nothing special about the money you withdraw from your inherited IRA. It's income, like wages or commissions, so you lump your withdrawals in with your other income and calculate tax on the total, based on your income tax bracket.