Since you're limited in how long this IRA can be in existence...
I wouldn't move anything into it.
If you don't have an IRA, open a separate one. Also since you're close to retirement, a conventional IRA is probably the way to go since you'll lower your taxable income now.
Thread Replies (11)
Looking for Tax advise on Inherited IRA
-- wtrva
May 05, 2024 at 10:25 PM ET
wtrva
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05/05/24 10:25 PM ET
That’s what I have been doing with mine**
-- WestEndHokie39
May 06, 2024 at 08:42 PM ET
WestEndHokie39
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05/06/24 08:42 PM ET
Sounds like a plan, but you should get professional advice on this. Its
-- Hokebury
May 06, 2024 at 01:18 PM ET
Hokebury
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05/06/24 01:18 PM ET
You’re on the right path.
-- WuhBuh-DC_Hokie
May 06, 2024 at 09:21 AM ET
WuhBuh-DC_Hokie
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05/06/24 09:21 AM ET
Since you're limited in how long this IRA can be in existence...
◄
-- EDGEMAN
May 06, 2024 at 06:32 AM ET
EDGEMAN
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05/06/24 06:32 AM ET
Dunno, but I retired 2 years ago close to 60 and it’s glorious so far**
-- WestyHokie
May 06, 2024 at 02:42 AM ET
WestyHokie
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05/06/24 02:42 AM ET
Was the person who died already of RMD age? And what is the difference in
-- Hokerer
May 05, 2024 at 10:55 PM ET
Hokerer
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05/05/24 10:55 PM ET
I like your thoughts. I am not an expert though
-- OrlandoHokie
May 05, 2024 at 10:37 PM ET
OrlandoHokie
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05/05/24 10:37 PM ET