The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Decedant IRA||Date: 12/1/2008 12:14 AM|
|Author: KLTolly||Number: 102765 of 125439|
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?
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