gifting RIRA

Submitted by george collins on Thu, 2021-09-16 17:42

I am concidering annual gifting(direct transfer in kind) of our Roths to the kids, grandkids.
What is the requirements of the giftee–Timing, RMD, etc.
Is there a reference that I can educate myself?

And Hi Alan, your help many years ago your help and this forum has turned into great tax free growth for us!

a fan



Submitted by John Peterson on Thu, 2021-09-16 19:17

No can do, have to first withdraw the $$ from the Roth and then gift the cash

Submitted by george collins on Thu, 2021-09-16 20:12

Thanks, understand.  I thought it was too good to be true

Submitted by Norman Cook on Fri, 2021-09-17 02:29

I had my son set up an account with Fidelity.  I have Fidelity (where my IRA is) antomaticly each monthly transfer $$ into my son’s account.  Then my son and I talk about how to invest the $$. I use it as a how to invest teaching moment.

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