Permalink Submitted by Alan - IRA critic on Wed, 2022-06-29 16:09
No contributions can be made to a non spousal inherited TIRA or Roth IRA. For an inherited Roth IRA however you should not take distributions either since the account could generate tax free gains, would have no annual RMDs if you are under the 10 year rule, and taking a full distribution in the 10th year would be non taxable.
Permalink Submitted by Alan - IRA critic on Wed, 2022-06-29 16:09
No contributions can be made to a non spousal inherited TIRA or Roth IRA. For an inherited Roth IRA however you should not take distributions either since the account could generate tax free gains, would have no annual RMDs if you are under the 10 year rule, and taking a full distribution in the 10th year would be non taxable.
Permalink Submitted by Norman Cook on Wed, 2022-06-29 21:31
Why would you want to contribute to a non-spousal Inherited IRA???. Open your own IRA and name a beneficiary.