Boilerplate text in their form used by beneficiaries to file a claim implies that the only option for non-spousal beneficiaries is the creation of an inherited TIRA. Their normal annual custodial fee is $40/year. I doubt they save themselves much money if they insist on creating the account just so I can claim less than $1500. Hope springs eternal, I guess.I recently inherited a tax deferred annuity that I was able to roll into an "inherited IRA" to continue deferring income on most of the principal. I do have to take required minimum distributions based on my age, rather than my dad's, but that is much better for me than cashing it in as some of my siblings chose to do.My broker charged me no fees for the new account. 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. The broker had nothing to gain by setting up yet another account, so I am sure it was necessary.FWIW,IP
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