Join Early Retirement Today
Reply
 
Thread Tools Display Modes
ira beneficary
Old 02-25-2007, 02:55 PM   #1
Recycles dryer sheets
 
Join Date: Apr 2004
Posts: 137
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can you make the ira beneficary another IRA, so the receiver doesn't have to pay the taxes until withdrawn ?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 Early-Retirement.org 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: 10,252
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Beneficiaries do not pay taxes anyways until withdrawn.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
Reply

Tags
ira

« Yield Curve trends | Reporting maturing bonds on tax forms »

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

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

» Quick Links

Contact Us - Portal Page - FIRECalc - Sitemap - Community Rules - Terms of Service - Privacy - Accessibility - Top
Register | | FAQ |a Calendar
© Copyright 2010 www.early-retirement.org. All Rights Reserved.
 
All times are GMT -6. The time now is 03:11 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.