inherited IRA

Can an IRA Distribution Cover My 403(b) RMD?

Thursday, October 23, 2014
In this week's Slott Report Mailbag, we answer questions on if you can cover your employer plan RMD (required minimum distribution) with an IRA distribution, the rules governing 401(k)-to-IRA rollovers and the logistics of setting up your IRA for three beneficiaries.
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Can I Move Non-IRA Assets to an Inherited IRA?

Thursday, October 09, 2014
This week's Slott Report Mailbag examines how to title beneficiary IRA trusts and answers questions on moving non-IRA assets to inherited IRAs and accessing 403(b) funds and moving them to different accounts while still working.
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A Tale of Two Spouses Inheriting IRAs

Friday, August 29, 2014
Ann and Zelda are both 72 years young and now widows after their 74-year-old spouses died this year. Both inherited an IRA from their spouse in the amount of $100,000. Ann’s advisor had her move the funds to an inherited IRA. The account is titled Alan, deceased, IRA fbo Ann. Zelda’s advisor had her move the funds into an IRA in Zelda’s name. The account is titled Zelda’s IRA. There age and circumstances are where the similarities end. Click to read about their different stories.
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Aggregating Inherited IRAs

Friday, July 18, 2014
The question came up recently about combining inherited IRAs. The general rule is that you can combine IRAs that you have inherited from the same person. So if you inherited two IRAs from your Mom, you could combine them into one inherited IRA. But if you inherited an IRA from your Mom and inherited an IRA from your Dad, you could not combine them. Sounds simple, right? Not quite.
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What A Younger Spouse Should Do When Inheriting an IRA

Friday, July 11, 2014
Richard has an IRA and has named his wife Diane as the beneficiary. Richard dies unexpectedly at age 52. Diane is 50. What should she do with Richard’s IRA?This is a case when the spouse should probably remain a beneficiary of the IRA. Here's why.
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Inheriting More Than One IRA: What You Can and Can’t Do

Friday, September 06, 2013
What happens when you or your client inherits more than one IRA? Can they be combined into one account? Do you have to take required minimum distributions (RMDs) from each account separately or can the distributions be aggregated? The answer will depend on who the inherited account came from as well as what type of account it is.
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