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Financial Planning / Tax Strategies
|Subject: Re: Estate question||Date: 7/24/2012 7:14 PM|
|Author: foo1bar||Number: 116447 of 122567|
Father died this year.
Here's an article about Inherited IRAs:
(and about beneficiary forms)
It is clearly labeled a "Retirement Account" on each page.
Is it labeled just that, or "Individual Retirement Account" (aka IRA)?
The IRA accounts I've had have had "IRA" in the title - ex. "John Smith IRA" or "Jane Smith Roth IRA"
On some of the correspondence I have, they address it to "John Smith 742 Evergreen Terrace, ..." and then have "Account 123456890 IRA" in a different spot on the page.
Whether it's an IRA or a Roth IRA is an important question - if you don't see a definite answer, call the company and ask.
Where are the $ currently?
Are they still in the same account, untouched?
Or have they been moved into different accounts?
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