jpeter1093
Recycles dryer sheets
I’m 64, retired. My Dad recently passed and I inherited a small IRA. After getting a check from his bank(as a beneficiary); I found out that I should have had it transferred to an inherited IRA rather than take a check and rolling it over myself.
I’m trying to keep my MAGI down. Do I have any options? Can I open a regular IRA and deposit it there? Did I misunderstand that it should only be transferred so open an inherited IRA?
Thanks.
I’m trying to keep my MAGI down. Do I have any options? Can I open a regular IRA and deposit it there? Did I misunderstand that it should only be transferred so open an inherited IRA?
Thanks.