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Financial Planning / Tax Strategies


Subject:  Re: inherited IRA - or lump sum > Roth IRA Date:  1/20/2012  4:23 PM
Author:  JAFO31 Number:  114671 of 123001

inparadise: "I am also dealing with trying to figure out what to do with inherited tax deferred funds, . . . .

There are six of us, all siblings, who are beneficiaries on Dad's estate. It's been eye opening to me the various ways in which this money will either benefit, or even harm, the various recipients. . . . The last would love it if Dad had left him out of the will altogether. F or many reasons he can not work and is on disability. He has advanced cancer, which has spread to the bones, and is dependent on Mass Health Insurance. Even a small amount of assets can kick him out of Mass Health, with no guarantee of being able to pay any amount of money to get another insurer. He is currently undergoing radiation tre