spouse inheriting IRA
A married couple (over 59 1/2) are my clients, husband dies. Everything I’ve read (ed’s books) says to create an IRA with the proper titling then rollover the deceased spouses ira into the new one. I’m an RIA on Fidelitys platform and their only two options are to transfer the deceased IRA into what they call a DBA (designated beneficiary account) or roll it directly into the spouses IRA. They also said no one on purpose ever rolls it into a DBA account. What should I do?
Permalink Submitted by Al Fry on Tue, 2008-02-05 20:45
If they were about the same age, and she is over 59 1/2, it would seem best to roll it to herself. Then she can take out anything she wants without penalty, and will not have to do RMDs until 70 1/2.