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Financial Planning / Tax Strategies


Subject:  Re: Inherited TIRA Tracking Date:  9/19/2012  10:18 AM
Author:  vkg Number:  116627 of 127823

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.

Only spouses can move inherited IRAs into their own name. Once in their name, the RMD is based on their age.
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