The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/while-we-all-would-have-preferred-to-roll-it-into-30270293.aspx

Subject:  Re: Inherited TIRA Tracking Date:  9/18/2012  10:49 PM
Author:  TMFPMarti Number:  116625 of 120796

While we all would have preferred to roll it into one of my existing accounts, the need to take RMDs on this portion of my IRA assets required it be separate.

Actually, it's more than that. The regulations require specific identification of inherited IRAs, including the names of both the beneficiary and the decedent. And, unlike regular IRAs, each has its own RMD (if you happen to inherit more than one).

Phil
Rule Your Retirement Home Fool
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us