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VITAL INFORMATION FOR ALL MEDICAL PROFESSIONALS
By Dr. David E. Marcinko MBA CMP
SPONSOR: http://www.CertifiedMedicalPlanner.org
The Inherited IRA
An IRA in which distributions continue after the primary beneficiary’s death.
For an IRA to be inherited, the primary beneficiary must have already been receiving the required minimum distribution; the distributions either continue or are re-calculated based upon the secondary beneficiary’s life expectancy.
If the secondary beneficiary is the widow(er) of the primary beneficiary, she/he may roll over the inherited IRA into her/his own IRA without penalty.
CITE: https://www.r2library.com/Resource/Title/0826102549
And, it gets even more complicated!
MORE: https://www.bankrate.com/retirement/inherited-ira-rules/
IRS: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary
YOUR THOUGHTS ARE APPRECIATED.
Thank You
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Filed under: "Ask-an-Advisor", Investing, Retirement and Benefits, Touring with Marcinko | Tagged: inherited ira, IRA, RMD, Roth IRA |
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