The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Inherited IRA Q||Date: 3/26/2013 11:18 PM|
|Author: 0x6a74||Number: 118172 of 122998|
what happens to an IRA if there's no named beneficiary ?
It goes to the estate of the owner, and then to whomever is specified in the will.
The downside is that it is no longer an inherited IRA and must be withdrawn in full within 5 years.
.... would that make it taxed as ordinary income
instead of 'estate' taxed?
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|