Bogleheads

gassert · Joined: 26 Apr 2007 Posts: 178

What do you think is the best online resource for inherited IRAs (and retirement plans). Not interested in a book.

Info on RMDs before/after original owners begin date?
Info on divisors for inherited inherited IRAs?
Details on how an estate executor can complete docs to allow a beneficiary as listed in a will to receive stretch provisions even if the IRA's beneficiary is listed as the estate.

Etc, etc.

Thanks!

Taylor Larimore · Posted: Thu May 08, 2008 1:33 pm Post subject: Information about Inherited IRAs

Hi David:

Try this link:

http://www.schwab.com/cms/P-16....=p-1808737

Best wishes.
Taylor

Karl · Joined: 13 May 2007 Posts: 908 Location: Milwaukee, WI

www.irahelp.com is an excellent place to ask questions. Run by Ed Slott, who's written a number of books on IRAs.

Spirit Rider · Joined: 02 Mar 2007 Posts: 220

ken250 · Joined: 26 Feb 2007 Posts: 1894 Location: US-101

Hi gassert,

Haven't seen you posting in a long time?

Go to the VG site, and in the search textbox type "Inherited IRA". Within the first couple hits you'll find a link to the entry point for the pertinent info. VG has a lot of good info there.

gassert · Joined: 26 Apr 2007 Posts: 178

Hey - thanks a lot. I think I have the info I was looking for now. I wanted to "library" some good documents for future reference.

Taylor, thats actually a pretty good summary. Thanks

Karl, yes that was my understanding, thanks (not my personal account) but I was looking for a document for reference. Looks like I found it.

Spirit, I agree that listing the beneficiary is of utmost importance, but I don't agree that there is no way around it. I recently worked with someone who had received assets as the sole beneficiary indicated in the will to recieve assets, yet the retirement account had estate as the beneficary. Due to work by the executor the stretch was worked out. Seen this a few times. Of course if I had a reference for you I wouldnt be posing the question in the first place. Thats the whole reason I posted

GG

ken250 · Joined: 26 Feb 2007 Posts: 1894 Location: US-101

BTW, I'm helping a friend with this process now so feel free to ask questions.

unclemick · Posted: Fri May 09, 2008 6:55 pm Post subject:

Inherited non-spouse IRA, 2005.

Called up Vanguard and talked to a human - answered all my questions plus followed up by sending me some literature.

Of course it was a a Vanguard IRA.

heh heh heh - Cool

Spirit Rider · Joined: 02 Mar 2007 Posts: 220

Gassert,

I don't profess to be an expert on this, but went through this twice and of necessity had to become familiar with the details. One of your best bets as someone else suggested is to ask questions at Ed Slott's www.irahelp.com.

That said, I just thought of one "possibility". If the estate was named as the beneficiary of the IRA. and if the default rules of the IRA would allow the IRA to be distributed to the sole heir, the estate could "disclaim" the IRA and then the IRA could be distributed to the sole heir.

However, I really suggest you ask this question at www.irahelp.com.

allancoleman · Joined: 11 Sep 2007 Posts: 281 Location: Alaska & Hawaii

Another good link , gassert , to a message board that deals with questions like yours is on this Roth IRA web site :

http://www.rothira.com

at :

http://benefitslink.com/boards....owforum=18

Usually the people that answer questions on the above discussion board are professional CPAs and such and they are good . Plus the upper link to the Roth IRA web site has many other links about legal matters that might assist you .

My own research and reading on your question makes me believe that Spirit Rider may be correct and this isn't an easy matter to solve . One of the big benefits of a Roth IRA is they pass to heirs much more easily than do IRAs because there usually is no RMD with Roths whereas with IRA and no " designated beneficiary " , it can be a problem figuring our how to distribute the IRA proceeds to heirs as you now well know .