Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next
Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 124797  
Subject: Re: Merits of Income Annunity Date: 9/4/2009 5:51 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0

{{{"Only a spouse can move an inherited IRA to their own name. I don't believe that an inherited IRA can be inherited."}}}

JAFO: <<<If it cannot be inherited again, then what happens to an inherited IRA when the first non-spouse to inherit dies?

I do not believe that it is forfeit, which seems to be the implication of your post. Perhaps I misunderstood?>>>

"I believe the second inheritor must liquidate the IRA within 5 years."

IOW, it can be inherited.

And while I did not include details in my original response, to give OP an open field, I thought that I understood that the second inheritor could continue the same RMD schedule as the first inheritor.

Also, what about Roth IRAs, which (as you know) have no RMDs?

Regards, JAFO
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.