Advisor fees deducted from multiple inherited IRAs
My client has inherited two separate IRAs, one from her dad in 2023 and one from her mom in 2025. The total of the two equates to approximately 65% of the accounts I manage for her. I understand that I can only withdraw 65% of my fee from these accounts, which is fine. Can I consolidate the two fees and withdraw them from only one of the inherited IRAs?
Permalink Submitted by Alan - IRA critic on Tue, 2025-04-01 16:17
Yes, you can do that.
And if you also manage an owned IRA, you could combine the fees for the inherited IRAs and the owned IRA and withdraw them from any one of them.
But if there are any Roth IRAs, those fees can only be paid from the Roth IRAs or from taxable accounts, but of course better to deduct from the taxable account to preserve Roth assets. And fees for taxable accounts cannot be deducted from any IRA.
Permalink Submitted by Liz Griffiths on Wed, 2025-04-02 09:08
thank you – this is great info!