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Is there an IRS requirement that a TIRA trustee must create an inherited TIRA for any named beneficiaries on the death of the original investor?

I'm not sure there is a requirement in the tax code. But I suspect most IRA custodians would be happy to do so, as it keeps the assets under their management so they can charge their fees or do whatever it is they do to make money from that account.

I ask because this now somewhat dated 2004 article suggests that cashing out the IRA might be an option.

Sure it's an option. Sometimes it's a good choice for the IRA beneficiary, sometimes not.

I don't see what one has to do with the other, though.

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