Letters to the Editor
To the Editors:
In the Inherited IRAs section of Traditional IRAs: The Rules Revisited (September 2005 AAII Journal), it states that a non-spouse IRA cant be rolled over. While this is true, it goes on to say Instead, you are required to withdraw and pay tax on the inherited IRA assets. While this is the general rule, it is very important for your readers to know that there is another, and oftentimes better, option. The IRA beneficiary can leave the IRA as a Beneficiary IRA and, while this does require an annual withdrawal based on the beneficiarys life expectancy, most of the monies can remain tax-deferred for many years.
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