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Retirement > 401(k)s & IRAs
Inheriting IRA
March 30, 2000: 8:23 p.m. ET


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NEW YORK (CNNfn) - About one in three households has at least one kind of individual retirement account, but while the average account contains about $60,000, a growing number of them are in the six- or seven-digit range, providing more than enough money for retirement.
    However, the IRS takes a big chunk of the savings when these accounts get passed on to beneficiaries.
    CNNfn's Allen Dodds Frank has the story. Back to top

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