What should I do with my inhereted IRA

[Marzel Hurbs]

Hello BP Family,

My Father passed away on Oct 7th, leaving me his IRA which is valued at $750K, as of today. My wife and I both work full-time jobs, and own 3 rental properties (in a series LLC) putting us in the 35% tax bracket. I'd like to gain some insight into the best way to handle this amount of inherited money from a tax avoidance perspective, taking our current income level into consideration. I've done some research online but haven't found anything overly creative or efficient. All I know at this point is that I have 10 years to pull all $750K out, leaving me with a significant tax burden. Any insight or shared experience would be greatly appreciated.

Thanks in advance!

[Dmitriy Fomichenko]

@Marzel Hurbs,

One option you have is to rollover this account into self-directed IRA so you can invest in real estate and other alternative investments.