The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: MRD||Date: 12/23/2008 11:07 AM|
|Author: TMFPMarti||Number: 103137 of 125216|
1.) Can an inherited IRA be transfered to a spouse's name at any time or only when the spouse reaches 59 1/2?
At any time. It then becomes the spouse's IRA, subject to rules based soley on the spouse's attributes, e.g., the premature distribution penalty applies under age 59 1/2.
2.) Can the spouse take distributions in addition to the MRD from an inherited IRA without penalty?
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