If you just inherited an IRA, congratulations… and condolences. Because if you just inherited an IRA, somebody you liked (or at least, that liked you) has died. But the good news is you’ve got money! Now, what to do with it? You might be tempted to spend it on a new car, or even a new house! Before you do, you need to be aware of the basic rules for IRA distributions or you could get a nasty tax surprise. I’ve got a book on IRA distributions that runs about 600 pages. At the risk of a slight loss of detail, I’ll hit the basics in the next 600 words or so! Continue Reading…
Socks Go in the Sock Drawer!
It’s pretty frustrating to get dressed in the morning and your socks are in the wrong drawer. Or they don’t match each other. Or they are not paired up at all. And of course there’s that individual sock with no match: the odd sock. I’ve got some odd socks I’ve had several years — I figure any day the mate will turn up. Getting dressed in the morning would be more efficient if my sock drawer was better organized. Continue Reading…