Number of annual IRA rollovers allowed
Non spouse beneficiary inherits IRA (from an IRA) from dad. Money is transferred into inherited IRA at dad’s old broker. Client wants me to invest money (using my custodian and/or annuity). Is there a limit as to how many rollovers can be done in one year?
Permalink Submitted by Alan Spross on Thu, 2008-02-28 18:15
For a non spouse beneficiary, no rollovers are permitted.
However, direct trustee transfers are unlimited in number. Hopefully, that is how the current inherited IRA was funded.