I have a similar situation to jb9 and a question -
I now understand why I should treat the inherited IRA as part of my retirement AA (I am also developing a separate 529 savings AA for the kid's college) Though, as pointed out, the BDA is designed to be depleted in your life expectancy. Of course, the challenge is how to spread / balance that AA among various accounts. I have two inherited IRAs (BDAs) (that I would like to move to Vanguard and combine), a smaller inherited Roth IRA, my own 401K, my wife's 401K (need to roll over), my Roth, and my wife's Roth. The inherited IRA accounts for roughly 50% of my retirement portfolio, 401Ks about 40% and Roths 10%. My 401K has a few decent fund options, but I can't "balance" that with our Roth's. Obviously, I can have total control over my eventual BDA and Roth funds choices. Thus, I am considering having some stock/bond/Intl' options in each major block - 401K, Roth, BDA. I'm still in the process of educating myself and forumulating a first take - but does it make sense to maintain multiple fund options in each account?