non spousal inherited ira options
Can the beneficiary of a non spousal inherited IRA invest the money in a single premium immediate annuity? The client is 64 and his wife is 62.
Can the beneficiary of a non spousal inherited IRA invest the money in a single premium immediate annuity? The client is 64 and his wife is 62.
Permalink Submitted by Alan - IRA critic on Wed, 2014-12-10 20:29
Yes, provided an insurance company will issue one for an inherited IRA. No period certain can extend beyond the remaining single life expectancy of the beneficiary per the single life table.