The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Decedant IRA Date:  12/1/2008  12:14 AM
Author:  KLTolly Number:  102765 of 127747

Greg and Phil-

Thank you both for the clarification. Two of the beneficiaries are on opposite sides of the issue (one wants all monies NOW, the other is a long-term planning kind of guy) with me, the middle child, as usual, caught in the middle.

It seems that we can all get together, split the IRA into 3 inherited IRAs, then basically do as we each please with our own account going forward.

One last issue - we will each have to name beneficiaries on our inherited IRAs - will this work the same way for our beneficiaries, or is there a limit as to how far an inherited IRA can stretch?

Thanks again!

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us