Can’t Contribute To IRA. Need Advice
I am 51, single, unemployed with a “inherited ira”. Just found out that my distributions, even though they are taxed as income, is not considered “qualifying income” to invest in a ira. Does anybody have any advice as to the best “investment vehicle” that i could use to reinvest the distributions that i take from the “inherited ira”.
Thx….
Permalink Submitted by Lee Martinson on Wed, 2012-01-11 17:56
You need to sit down with a professional and have them look at your situation, no one can tell you what a “best vehicle” is off the cuff. it depends on your situation and what vehicles you are already in and many other personal factors.
Lee