Search found 7700 matches

by Alan S.
Tue Sep 25, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Non-spousal Inherited IRA
Replies: 10
Views: 592

Re: Non-spousal Inherited IRA

Note that if the RMD plus additional amounts are all used to subsidize increased pre tax contributions to 401k or similar owned accounts, there is no current tax impact because the inherited IRA distribution will be offset by the lower Box 1 W-2 amount. Essentially the money has moved into your own ...
by Alan S.
Sat Sep 22, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Roth in-plan conversion questions
Replies: 6
Views: 538

Re: Roth in-plan conversion questions

While not a major issue, there are basis considerations. If you convert while underwater, it is a matter of plan accounting whether they preserve the unrecovered basis for future transactions, or have the unrecovered basis erased. Getting clarification of this question from the plan may not be easy ...
by Alan S.
Sat Sep 22, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Confused about Roth 401(k) and Roth IRA contributions in the same year
Replies: 6
Views: 666

Re: Confused about Roth 401(k) and Roth IRA contributions in the same year

Yes, you can, but let me clarify your question please. If you make $18,500 + $5,500 as compensation, then it is easy to see. But maybe you are asking the following: If I make only $18,500 this year and my employer (or myself if self-employed), can I contribute not only $18,500 to my Roth 401(k), bu...
by Alan S.
Sat Sep 22, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Improper Distribution from After-Tax 401k to Roth (Mega Backdoor)
Replies: 5
Views: 577

Re: Improper Distribution from After-Tax 401k to Roth (Mega Backdoor)

That's an interesting question about the plan documents. I must have missed it or something, because when I was trying to confirm what I was being told about the in-service rollovers a couple of years ago, I couldn't find anything about them. So, I'm honestly not that surprised, but I would have th...
by Alan S.
Fri Sep 21, 2018 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Improper Distribution from After-Tax 401k to Roth (Mega Backdoor)
Replies: 5
Views: 577

Re: Improper Distribution from After-Tax 401k to Roth (Mega Backdoor)

If it turns out that the plan only allowed one such distribution per year from the after tax sub account, and then requested the additional distribution to be returned, then any taxable amount shown in Box 2a on the E coded 1099R should be reversed once the plan is repaid. That said, it is possible ...
by Alan S.
Wed Sep 19, 2018 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA or convert to non-IRA cash
Replies: 6
Views: 383

Re: Inherited IRA or convert to non-IRA cash

Yes, her year of death RMD was completed. Beneficiaries must take their first beneficiary RMD no later than 12/31/2019. That is also the deadline for the beneficiaries to create separate inherited IRA accounts under which each one can use their own age in 2019 to determine their RMD. If the separate...
by Alan S.
Wed Sep 19, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can I reverse a TIRA/Roth IRA distribution and not pay taxes?
Replies: 4
Views: 368

Re: Can I reverse a TIRA/Roth IRA distribution and not pay taxes?

That 60 days is a hard and fast rule of 60 calendar days. Includes Saturdays Sundays and Holidays. Except the last such day. Sec 7503 applies to this. Eg. 60th day is on Saturday. You have until the following Monday unless Monday is a Holiday, then Tuesday. https://www.law.cornell.edu/uscode/text/2...
by Alan S.
Wed Sep 19, 2018 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA or convert to non-IRA cash
Replies: 6
Views: 383

Re: Inherited IRA or convert to non-IRA cash

Bobby, that makes sense. The beneficiaries are the individuals - children who survived her per stirpes. Thanks for the quick reply. Even if the estate HAD BEEN the IRA beneficiary, this would not work. If the executor cashed out the inherited IRA, that income would NOT be reportable on the decedent...
by Alan S.
Wed Sep 19, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Mechanics of IRA Rollover w/ Tax Basis into Employer Plan
Replies: 14
Views: 744

Re: Mechanics of IRA Rollover w/ Tax Basis into Employer Plan

Yes, your math and Form 8606 assumptions are correct. However, there is now a risk of converting to Roth before the 401k accepts the pre tax rollover. Should the 401k decline to accept the rollover for whatever reason (eg your TIRA has accepted regular IRA contributions and is not a rollover IRA), y...
by Alan S.
Tue Sep 18, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller interview: "Market could get a lot higher"
Replies: 28
Views: 4489

Re: Robert Shiller interview: "Market could get a lot higher"

The best plan is to train yourself to entirely ignore all "gurus". Any gut feelings they have can always be supported by some chart or comparison to some point in market history. Yes, almost anything "could happen". Everyone knows that, they just have no idea as to when. Neither do the gurus, few of...
by Alan S.
Tue Sep 18, 2018 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: rmd for IRAs at multiple institutions
Replies: 18
Views: 1197

Re: rmd for IRAs at multiple institutions

This wasn't part of your question but if you 'only just' turned 70 then you do not turn 70.5 until 2019, so there is no RMD requirement until next year at the earliest. Yes, 70.5 to the day determines the first IRA distribution year. Moreover, that first distribution year RMD can be deferred to as ...
by Alan S.
Tue Sep 18, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Bank used to be more customer focused
Replies: 46
Views: 5873

Re: Chase Bank is the Devil

When I left my bank after having an account for 40 years, they did not even send me a letter to ask why I was leaving. They also never sent any offers to have me return to them. Apparently, they did not care. Same here. 40 years with large nationwide bank. Left it 10 years ago due to their detached...
by Alan S.
Tue Sep 18, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: $4900.00 INHERITED IRA
Replies: 9
Views: 887

Re: $4900.00 INHERITED IRA

There is always a hybrid solution. For example, you could: 1) Take annual RMDs until it becomes too much of a hassle, then cash it out. 2) If you cash it out, even though the amount is small, if a total lump sum will spill over into a higher bracket you could cash it out over 2 years, 1/2 each year....
by Alan S.
Tue Sep 18, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Rollover tax question.
Replies: 5
Views: 269

Re: 401K Rollover tax question.

This is probably a simple question. I have a 401k from a former employer with $2,100 in it as of now. I want to roll this over to current employers plan. New employers plan will accept this, but it has to be a check sent to them from old plan. The old plan is through wells fargo, I have only found ...
by Alan S.
Tue Sep 18, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: $4900.00 INHERITED IRA
Replies: 9
Views: 887

Re: $4900.00 INHERITED IRA

What are ways to deal with a $4900 Inherited IRA at Charles Schwab? The owner was born 1922, died 2017, and the non spouse inheritor in 1950. RMD's would be $275 and the RMD calculator takes the Traditional IRA out 20 years. $2000 is in CD's that mature in 12 months and the rest cash. Once the acco...
by Alan S.
Sun Sep 16, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 58
Views: 5439

Re: I see now why Rollovers can take FOREVER ....

In some cases it might be easier to just request a distribution and do a 60 day rollover. That way, if something goes wrong it will not involve more than one institution at a time. If the account is small you can work around the mandatory 20% withholding on qualified plans easily enough. For qualifi...
by Alan S.
Sat Sep 15, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: CP2000 - rollover Vanguard IRA to TSP
Replies: 11
Views: 719

Re: CP2000 - rollover Vanguard IRA to TSP

There was another similar thread about this problem last week. The 1040 Inst. clearly state that you should include an explanatory statement with your return when you roll over IRA money into a qualified plan. This is necessary because the IRS matching program for 1099R and 5498 forms will not work ...
by Alan S.
Fri Sep 14, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Wolters Kluwer announces 2019 Inflation Adj
Replies: 5
Views: 1127

Wolters Kluwer announces 2019 Inflation Adj

These figures are not official, however these people have an excellent record for accuracy in their annual projections. Highlights include: regular IRA contribution limits rising to 6,000. Catch up remains at 1,000. Tax brackets now adjusted using CHAINED CPI U Joint standard deduction rising to 24,...
by Alan S.
Thu Sep 13, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor question - from 401(k) to Roth IRA without intermediary traditional IRA?
Replies: 11
Views: 845

Re: Mega Backdoor question - from 401(k) to Roth IRA without intermediary traditional IRA?

It has been reported that several of these plans will not do a direct rollover to a Roth IRA, and instead require that the mega back door Roth rollover be made to the designated Roth account (in plan Roth rollover or IRR). As indicated by spiritrider and Earl, a distribution made to the participant ...
by Alan S.
Thu Sep 13, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Help w/ Backdoor Roth IRA tax forms
Replies: 6
Views: 553

Re: Help w/ Backdoor Roth IRA tax forms

Hi everyone. Can someone help me with how I should go reporting to the IRS for the situation below? I know I have to fill out form 8606, but I'm really confused on how to handle the transactions from 4/15/14 to 10/24/16. Thanks! 4/15/14: made a $5500 Roth IRA contribution for the 2014 tax year. Thi...
by Alan S.
Wed Sep 12, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Double Step Up for Beneficiary??
Replies: 3
Views: 291

Re: Double Step Up for Beneficiary??

Is the SNT created under her will, or previously where your brother never owns any of these assets individually? If so, that is far better than having him fund the trust with his own money or money he inherited individually. The latter would result in the SNT being a "self settled trust". Such a tru...
by Alan S.
Wed Sep 12, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor question - from 401(k) to Roth IRA without intermediary traditional IRA?
Replies: 11
Views: 845

Re: Mega Backdoor question - from 401(k) to Roth IRA without intermediary traditional IRA?

I have been doing a Mega Backdoor Roth for many years. At some point, I understood that the 401(k) roll over of an in-service distribution of the after-tax 401k portion to a traditional IRA was no longer necessary? Instead, I could just deposit the proceeds of the in-service withdrawal directly int...
by Alan S.
Wed Sep 12, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor question - from 401(k) to Roth IRA without intermediary traditional IRA?
Replies: 11
Views: 845

Re: Mega Backdoor question - from 401(k) to Roth IRA without intermediary traditional IRA?

I have been doing a Mega Backdoor Roth for many years. At some point, I understood that the 401(k) roll over of an in-service distribution of the after-tax 401k portion to a traditional IRA was no longer necessary? Instead, I could just deposit the proceeds of the in-service withdrawal directly int...
by Alan S.
Tue Sep 11, 2018 12:19 pm
Forum: Investing - Theory, News & General
Topic: Possible Change to RMDs? [Executive order]
Replies: 47
Views: 6099

Re: Possible Change to RMDs? [Executive order]

For those of us dealing with RMDs on inherited IRAs wonder if they'll let us recalculate as our factors are set on date of death. When the 2002 tables were released, the divisor for inherited IRAs (single life table) was then determined by applying the 1.0 annual divisor reduction to the revised fi...
by Alan S.
Mon Sep 10, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Another Pro Rata Question
Replies: 4
Views: 340

Re: Another Pro Rata Question

You really do not have to do anything else. You will have to file an 8606 anyway to report the ND contribution and the conversion for 2018 and the same for 2019. If you do nothing further this year the 5500 conversion will be 15.4% taxable (847 taxable). Any tax software handles this easily and comp...
by Alan S.
Sun Sep 09, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: cap gains considerations for mergers
Replies: 2
Views: 174

Re: cap gains considerations for mergers

Many such mergers result in the sale of fractional shares producing "cash in lieu" distributions, which are taxable and reported on a 1099 B. Some of these 1099B forms show no cost basis and others provide a cost basis which would reduce the otherwise small cap gain and reduce your basis in the rema...
by Alan S.
Sun Sep 09, 2018 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Tax Letter - TIRA to 401k
Replies: 15
Views: 1256

Re: IRS Tax Letter - TIRA to 401k

Thanks for help. I will go with simple response to show funds made it to employer plan. Yes, that will do. The posted IRS letter indicates to send a 5498 or "similar documentation". Since 401k plans do not issue a 5498 you must provide a copy of the 401k statement (considered similar documentation)...
by Alan S.
Sun Sep 09, 2018 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Non discrimination testing and Mega back door
Replies: 2
Views: 277

Re: Non discrimination testing and Mega back door

This explains why the safe harbor plan will not solve this problem. And note the "Another problem" at the end: A fit for your 401k plan? Probably not. When the “mega back door” Roth IRA contribution started to receive media coverage, we began to hear from 401k sponsors interested in adding voluntary...
by Alan S.
Sun Sep 09, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Fee only Financial planners
Replies: 31
Views: 2610

Re: Fee only Financial planners

Because of the "on again, off again" DOL fiduciary rule, the entire fee structure for almost the entire distribution industry is being re structured. That means the help you have retained is very likely to alter the fee structure as well as the delivery method from what you currently are used to. No...
by Alan S.
Sun Sep 09, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Excess Removal and Recharacterization
Replies: 9
Views: 851

Re: Roth IRA Excess Removal and Recharacterization

So I called Vanguard to ask about this. They said that their system just doesn't adjust. If I want, I could send them a check for the $1K contribution but on my online account, it will show 5.5K contribution and I cannot do the contribution online. Another possibility that you may want to ask Vangu...
by Alan S.
Sat Sep 08, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Tax Letter - TIRA to 401k
Replies: 15
Views: 1256

Re: IRS Tax Letter - TIRA to 401k

Yeah, keep it short and simple. For purposes of the IRS letter, they are only concerned that you rolled over the distribution, so you should avoid any details regarding your IRA basis with respect to the rollover. A copy of the 401k statement showing receipt of a rollover contribution equal to the 1...
by Alan S.
Sat Sep 08, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Tax Letter - TIRA to 401k
Replies: 15
Views: 1256

Re: IRS Tax Letter - TIRA to 401k

This IRS letter is the reason that the 1040 Inst say that you should include an explanatory statement about this rollover with your return. My guess is that if you completed line 15a and 15b correctly on your 1040 the letter was triggered by your not providing an explanatory statement. Per 1040 Inst...
by Alan S.
Fri Sep 07, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer in-kind between Roth Accounts @ vanguard?
Replies: 10
Views: 836

Re: Transfer in-kind between Roth Accounts @ vanguard?

How did you resolve this, OP? Would an exchange between the two Roth accounts be considered a taxable event in this case (since it's moving from one account to another)? Thanks This would be a non reportable non taxable same trustee transfer. While doing an in kind 60 day rollover is possible throu...
by Alan S.
Thu Sep 06, 2018 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Excess Removal and Recharacterization
Replies: 9
Views: 851

Re: Roth IRA Excess Removal and Recharacterization

So I called Vanguard to ask about this. They said that their system just doesn't adjust. If I want, I could send them a check for the $1K contribution but on my online account, it will show 5.5K contribution and I cannot do the contribution online. Another possibility that you may want to ask Vangu...
by Alan S.
Wed Sep 05, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Excess Removal and Recharacterization
Replies: 9
Views: 851

Re: Roth IRA Excess Removal and Recharacterization

Vanguard is dead wrong, UNLESS you somehow just requested a distribution of 1,000 instead of a return/excess contribution return in which you would receive allocated earnings or net of any loss. Check your statement to be sure the distribution shows as an excess return and/or you received more or le...
by Alan S.
Mon Sep 03, 2018 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Rule of 55 is it official?
Replies: 53
Views: 12210

Re: Rule of 55 is it official?

Historically, the plans from which the age 55 separation exception applied could not receive new money after the separation. However, in the last two decades some portability options have resulted in some plans receiving rollovers of new money. In the case here, the DB plan was rolled into the 401k ...
by Alan S.
Sun Sep 02, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Commingling Roth conversion and withdrawals when <59.5
Replies: 6
Views: 431

Re: Commingling Roth conversion and withdrawals when <59.5

Yes, since all your Roth accounts are treated as one, they are already commingled for distribution purposes. However, those distribution ordering rules have more to do with the type of contribution rather than the chronological order in which you made them. A case in point is that if your Roth was f...
by Alan S.
Sat Sep 01, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: IRA UBIT - Form 990 T [IRS guidance - Unrelated-Business Taxable Income]
Replies: 0
Views: 135

IRA UBIT - Form 990 T [IRS guidance - Unrelated-Business Taxable Income]

Note that the IRS has issued Notice 2018-67 which disallows the offset of UBTI from one business by a loss from another business held by the IRA. https://www2.ascensus.com/news/industry-regulatory-news/2018/08/31/irs-issues-guidance-on-new-ubti-calculation-with-potential-ira-effects/ Therefore, it i...
by Alan S.
Fri Aug 31, 2018 7:28 pm
Forum: Investing - Theory, News & General
Topic: Possible Change to RMDs? [Executive order]
Replies: 47
Views: 6099

Re: Possible Change to RMDs? [Executive order]

Quite possible that the RMD change would simply entail a more current annuity mortality table. Currently, RMDs are based on the 2000 annuity mortality table (blended 50-50 male/female) projected to reflect mortality improvements through 2003. Therefore, we are about due for an update anyway to refle...
by Alan S.
Thu Aug 30, 2018 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1745

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

Vanguard does it that way also. For example, in 2017 on my IRA 1099R my entire distribution is shown as "taxable" while half of it was actually QCDs. Some of the QCDs were submitted to the charity with checks from Vanguard and the rest were donated by IRA checks I wrote . (emphasis added) Wow! This...
by Alan S.
Thu Aug 30, 2018 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA 5 year rule - consolidating multiple accounts
Replies: 4
Views: 628

Re: Roth IRA 5 year rule - consolidating multiple accounts

It is all very simple now. All your Roth IRAs are fully qualified and tax free including the ones funded from the 401k . May as well combine them into just one for each spouse. Form 8606 is no longer needed to report any distributions. You can toss all your records involving Roth basis, except maybe...
by Alan S.
Thu Aug 30, 2018 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited 401(k) questions
Replies: 14
Views: 687

Re: Inherited 401(k) questions

Hey there! My father-in-law passed away a few months ago without a will, and my wife is the only child and next of kin. We just got our letters of administration and are ready to move forward with getting his estate settled. He had a 401(k) with his employer and Fidelity of about $126K (no benefici...
by Alan S.
Wed Aug 29, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: 1998 Roth four-year conversion spread; Taxes paid only first year. How to fix this?
Replies: 6
Views: 538

Re: 1998 Roth four-year conversion spread; Taxes paid only first year. How to fix this?

Even assuming that 25% of your conversion amount was considered substantial (more than 25% of reported income) on your latest return of 2001, the 6 year SOL expired on 4/15/2008. Therefore, if you were never contacted by the IRS for any of those 3 years, you are home free. That the IRS could miss fo...
by Alan S.
Tue Aug 28, 2018 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: high RMD withdraw from 401k question
Replies: 31
Views: 3337

Re: high RMD withdraw from 401k question

Shoot for evening out your taxable income from now to age 72. Retirement plan distributions will include your living costs plus measured Roth conversions every year. If the planning is well done, at 72 everything will be pretty much locked in, so the opportunity is now. Roth conversions will lower y...
by Alan S.
Tue Aug 28, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Relative Never Took RMDs on Inherited IRA From 2004
Replies: 31
Views: 4630

Re: Relative Never Took RMDs on Inherited IRA From 2004

I believe for an inherited IRA, you look up the RMD divisor for only the first year. Then you increase it by 1 for each succeeding year. Be sure to use the correct table. Correct. Divisor for 2005 is 29.6, so correct. After that the divisor reduces by 1.0 each year. Except 2009, when all RMDs were ...
by Alan S.
Mon Aug 27, 2018 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Escheatment - a series of mole holes
Replies: 24
Views: 1223

IRA Escheatment - a series of mole holes

Rev Ruling 2018-17 has answered one question and triggered about 20 others. https://us.eversheds-sutherland.com/portalresource/lookup/poid/Z1tOl9NPluKPtDNIqLMRV56Pab6TfzcRXncKbDtRr9tObDdEpSJCp03!/fileUpload.name=/States%20May%20Escheat%20IRAs%20But%20Who%20Gets%20The%20Tax%20Bill.pdf The lesson here...
by Alan S.
Sun Aug 26, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Buying into an S Corp with my IRA that i work for?
Replies: 4
Views: 411

Re: Buying into an S Corp with my IRA that i work for?

Read the attached article regarding IRA purchases of S Corp shares: https://www.huffingtonpost.com/entry/self-directed-iras-and-s-corporations-what-youve_us_58d28bc4e4b062043ad4aea6 So, even if you don't go there but shares end up in someone else's IRA, that could mean major headaches and legal expe...
by Alan S.
Sun Aug 26, 2018 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: How often do you perform Mega Backdoor Roth in-service transfer?
Replies: 17
Views: 1193

Re: How often do you perform Mega Backdoor Roth in-service transfer?

The number of rollovers to your Roth IRA does not affect Box 1 of the 1099R. The plan will add up all your Roth rollovers and issue a single 1099R. That said, it may be difficult to determine what the plan accounting does to your basis should you do the rollover after a loss, leaving some basis in t...
by Alan S.
Sat Aug 25, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Company Stock Sold by Plan Administrator Due to Change in Plan Designated Default Fund
Replies: 2
Views: 312

Re: Company Stock Sold by Plan Administrator Due to Change in Plan Designated Default Fund

Seems like requesting a copy of the later communication and proof of mailing would be a start. If you can show that the sale was conducted in error or in any fashion contrary to what was stated in the missing notice, you may have a decent chance of remediation. Plan to be stonewalled in the process ...
by Alan S.
Sat Aug 25, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: IRA inherited from younger spouse
Replies: 25
Views: 2523

Re: IRA inherited from younger spouse

jeffy, I actually intended as posted, not as you edited it. That was actually Celia's edit. I was confused by edited version: "the life expectancy used is the longer of the remaining LE of the new owner OR the LE of the beneficiary" as the new owner is the beneficiary. So going back the your origin...