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Inherited IRA and 457 Plan
Old 12-09-2017, 03:58 PM   #1
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Inherited IRA and 457 Plan

Even though I am taking RMD's from an Inherited IRA now I am wondering when I become 70 and 1/2 how would I take RMD from 457? I guess you can't add the two together and take the full amount from either or combination of two. I'm thinking Inherited IRA has its own rules and I would have to take a full RMD from 457. Thoughts?
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Old 12-09-2017, 04:36 PM   #2
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Yes, inherited IRAs have their own rules. Unless it was inherited from a spouse, it cannot be combined.
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Old 12-09-2017, 04:54 PM   #3
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It was inherited from my brother to me and my three siblings. So I guess it sounds like two separate RMD's. Which makes me think I should be taking all if not most of my distributions from my retirement accounts for the next 8 or 9 years because at that point I will be making quite hefty RMD withdrawals.
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Old 12-09-2017, 05:07 PM   #4
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If you are still working move as much from your IRA to a Roth as you can, maybe even find a funky job so you can qualify. Roths are not subject to RMDs.
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Old 12-09-2017, 05:16 PM   #5
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If you are still working move as much from your IRA to a Roth as you can, maybe even find a funky job so you can qualify. Roths are not subject to RMDs.
Yeah, should have done that years ago.
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Old 12-09-2017, 06:32 PM   #6
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https://www.schwab.com/public/schwab.../inherited_ira
They have a good calculator to figure out your minimum distributions. You can take it over your lifetime, stretching out the distributions beyond 5 years. Then you can use your own earning to build your own savings...
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Old 12-09-2017, 08:37 PM   #7
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IRS rules do not permit converting an inherited IRA to a Roth. RMD rules are different as well (as the OP already mentioned) so it can’t be rolled over to a trad IRA either.

Lots of info available from the Google. I did a lot of research earlier this year when I inherited half of DF’s IRA.
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Old 12-10-2017, 10:57 AM   #8
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My suggestion applied only to the OP's existing IRA, not the inherited IRA.
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Old 12-10-2017, 11:07 AM   #9
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My suggestion applied only to the OP's existing IRA, not the inherited IRA.
Thanks
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