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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 121482  
Subject: Re: Merits of Income Annunity Date: 9/4/2009 5:51 PM
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irasmilo:

{{{"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
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