(12-28-2021, 10:26 AM)cemanuel Wrote: I should never need to touch the *IRA or Roth. But those are easily transferred so other than naming beneficiaries (done but may change things this summer)
If one inherits an IRA, there are considerations for the recipient(s), including spend-down, Taxes, etc -
It's important to have those discussions with each beneficiary.
1. Recipient Rolls over assets into an IRA in their name
2. Recipient Rolls over the assets into an Inherited IRA account
3. Take the assets out for spending
4. Convert the assets to a Roth IRA
The beneficiary's age upon receipt of those assets also plays a role.