Spouse Inherited IRA’s
Do funds from a Deceased SPOUSE (401K, IRA, Pensions) from different plans have to each be kept SEPARATE,. in their own designated Inherited Ira’s ….or can the funds be co-mingled in one account?
Do funds from a Deceased SPOUSE (401K, IRA, Pensions) from different plans have to each be kept SEPARATE,. in their own designated Inherited Ira’s ….or can the funds be co-mingled in one account?
Permalink Submitted by Peter Tobin on Tue, 2024-12-10 19:27
Spouse deceased in 2017 at age 59, Survivor age Now 79. No RMD on Inherited IRA’s until 2030.
Also in Jan 2025 will ‘Rollover’ a Spouse Pension Plan to an Inherited IRA (otherwise an annuity is required to start). SHOULD / COULD those funds be co-mingled – or another Inherited IRA created.
Permalink Submitted by Peter Tobin on Tue, 2024-12-10 19:33
I read Ed’s book (awhile ago) and thought he said a good option was to ‘roll’ the Inherited IRA(s) in my traditional IRA – At the time (year) the first RMD is required. To minimize the amount of RMD taken.
Permalink Submitted by Peter Tobin on Tue, 2024-12-10 20:32
Alan
Thank you very much for confirming my thoughts and keeping me on tract, Being the SS, myself, I will remember to convert the INH to my IRA in 2030, unless my CRS affliction becomes too bad. (IF you don’t know that acronym, let me know and I will ‘enlighten you). Best regards, & Merry Christmas