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Financial Planning / Tax Strategies


Subject:  Re: MRD Date:  12/23/2008  11:07 AM
Author:  TMFPMarti Number:  103137 of 127637

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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