I am one of three non-spousal beneficiaries on a small Ameriprise TIRA. The deceased owner had not yet taken her 2012 RMD. All the beneficiaries are over 70-1/2. The shares are less than $1,500. This 2004 discussion suggests that a simple cash-out should be a possibility. http://www.bankrate.com/brm/news/ira/20041006a1.aspThe Ameriprise rep seems to believe that the money must first be moved into inherited IRAs, at which point the beneficiaries can cash out. If retained too long, the account will be subject to a $40 annual maintenance fee. This is clearly uneconomical. If the inherited IRA requirement is 'real' and all three beneficiaries close their inherited IRAs before the end of 2012, is the IRS requirement that they each take their share of the 2012 RMD moot?Am I missing something else?thanks,baumgrenze
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