What is an INHERITED IRA?

VITAL INFORMATION FOR ALL MEDICAL PROFESSIONALS

By Dr. David E. Marcinko MBA CMP

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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.

Risk Management, Liability Insurance, and Asset Protection Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™

ORDER: https://www.routledge.com/Risk-Management-Liability-Insurance-and-Asset-Protection-Strategies-for/Marcinko-Hetico/p/book/9781498725989

Thank You

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