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Old 12-31-2016, 06:46 PM
6,215 posts, read 2,877,190 times
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Originally Posted by shamrock4 View Post
This is insane! Have you hired an estate lawyer? They make everything so much easier if you hire a good one and have that one contact to explain and file items for you. We found the fee well worth it plus we wanted to be sure we were not making irreversible mistakes, even though we had done extensive research ourselves.
Thank you for the advisal. Yes an estate lawyer was involved early on. The challenge was; The "terms" had changed whilst we were in the mist of estate settlement. Fidelity was determined to play "read the fine print of the new terms" which basically set us down a rabbit hole. Yes its insane to even try to work with them.
Titling it to Inherited IRA is the correct avenue. But when the roadblocks are set up, its hard to fight them. Cost more to fight them then the value of the account....
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Old 01-06-2017, 07:25 PM
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Originally Posted by FiveLoaves View Post
Thank you very much for that explanation. So it is not a good idea to name my daughter as a beneficiary on my IRA, correct ?? I currently have DW as 100% Beneficiary on both my T-IRA and Rollover IRA. I'll leave that as is.

In the event of my demise, can DW just roll it into her IRA without any Tax consequences until her RMD's start ??

How would the Tax Man treat an Inherited Roth account ??
The Original Owner (me) can be withdrawn Tax-Free. If it's inherited.......is it taxed as Ordinary Income ??

Thanks again for your help with this. One of my Year-End goals is to check all the Beneficiaries.
Maybe do a 50/50 but IMO you should not cut your daughter out. What if your wife remarries and then dies? The new husband inherits your IRAs. Take care of your daughter now if that's your intention
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