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OWN Oprah Winfrey Network launch cocktail reception for the Television Critics Association 2011 winter press tourPictured: suze orman,oprah winfreynancy odellcarson kressleycat corajennifer corachristina ferraregayle kingindre vlskontasrandall sullivanlaura bermanlisa lingmike tysonnancy o’dellroma downeymark burnettsuze ormankathy travisRef: BLU_S230415 060111 NON-EXCLUSIVEPicture by: / SplashNews.

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Orman noted that with traditional IRAs, beneficiaries had to pay tax on the money as it was withdrawn.

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Instead, the laws require the account to be completely empty within the timeframe of 10 years.

Working with Ormans advice and a professional can help you find a middle ground that works best.

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