Chad Boudreaux is a 58-year riverboat captain. He grew up in New Orleans and has worked on the Mississippi River his entire life. He works for a private company in New Orleans called Crescent River Pilots Inc. (CRP) and is married to Patricia, who is 35 years old. They have a seven-year-old son, named River. CRP sponsors a 401(k) plan that offers a Roth account and a separate ESOP. Chad has the following retirement plan accounts:

Account Description	Current FMV	Beneficiary
ESOP account from CRP consists of CRP shares. The cost basis for the shares is $75,000.	$400,000	Patricia
401 (k) Plan From CRP Inc.	$800,000	Patricia
401 (k) Plan from Schlumberger, where he worked in his thirties	$90,000	Patricia
Roth IRA (established in 2000 with a $2000 initial contribution; three years ago he rolled over a traditional IRA with a balance of $10,000	$45,000	Patricia
Traditional IRA (established twenty years ago with $15,000 of after-tax contributions)	$90,000	River
Inherited IRA from the death of his Mama. She died in the same year Chad turned 50 years old.	$120,000	River

1. In the balance in Chad's Mom's IRA was $120,000 at the end of last year and $140,000 at the end of this year, how much, if any, must he take out from this account to satisfy the minimum distribution rules?

2. If Chad were to die and River was to inherit the inherited IRA, how would he comply with the minimum distribution rules?

3. Assuming Chad decided to take out the entire balance in the Roth IRA to purchase a new fishing boat, how would the distribution be taxed?