Cape Verde. The Cape Verde islands consist of two small (volcanic in origin) archipelagos, about 400 miles off the western coast of Africa. These once uninhabited islands were first discovered by the ancient Phoenicians, then later colonized and exploited by the Portuguese, beginning in the 15th century.
As tax-deferred retirement plan, distributions from an inherited traditional IRA is fully taxable, even for a beneficiary. The only way a portion of the distribution won't be taxed is if the decedent made nondeductible contributions to the traditional IRA, meaning she put money in and didn't claim a deduction.nheriting an individual retirement account (IRA) can be both a blessing and a curse: A blessing because of the obvious financial windfall, but a curse because distributions from inherited IRAs are taxed in the same way they would have been taxable to the decedent.
+ Withdrawals from a Roth IRA can be entirely free of federal taxes. + Roth IRAs do not have mandatory minimum distributions. + Roth IRAs can be bequeathed to heirs and thus can escape both income taxes and estate taxes.- Early withdrawals from a Roth IRA can be subject to taxes and penalties. Roth IRA is a type of individual retirement savings account -- similar to traditional IRAs and 401(k) plans. Like other retirement savings plans, investment income inside the Roth IRA is not taxed as the income is earned, and there are penalties for taking money out early from the plan.