Join Early Retirement Today
Thread Tools Search this Thread Display Modes
ira beneficary
Old 02-25-2007, 02:55 PM   #1
Recycles dryer sheets
Join Date: Apr 2004
Posts: 99
ira beneficary

can you make the ira beneficary another IRA, so the receiver doesn't have to pay the taxes until withdrawn ?

bobbee25 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: ira beneficary
Old 02-25-2007, 03:17 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 7,663
Re: ira beneficary

Beneficiaries do not pay taxes anyways until withdrawn. But the answer is no. The beneficiary can take the inherited IRA and keep it as an IRA. My spouse has an inherited IRA titled "Mom, deceased, for beneift of Daughter". The withdrawal rules are a bit different, but income taxes are paid only on the withdrawals.
LOL! is offline   Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
?? for uber-savers, non-deductible IRA to Roth IRA in 2010 LOL! FIRE and Money 8 12-21-2006 12:25 AM
Help! SEP IRA was transferred into a Traditional IRA...bad? soupcxan FIRE and Money 5 12-19-2006 11:19 AM
Roth IRA & Timber Rights/Tree Farm terminator FIRE and Money 6 07-16-2006 03:09 PM
Possible to combine SEP IRA with standard IRA? soupcxan FIRE and Money 2 07-16-2006 11:08 AM
Not eligible for Roth IRA - conversion? Lusitan FIRE and Money 9 02-23-2006 10:00 AM


All times are GMT -6. The time now is 12:51 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.