marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 9,528
I am my brother's financial Conservator. He has a non-spousal inherited IRA at Morgan Stanley but after a few years, I'm just finding them difficult to work with, particularly an inability to move funds without speaking directly to a broker.
I'd like to move his account to Fidelity where he has all his other investments and that I can make changes online myself.
Questions:
Can I just call Fidelity and have them move the account over?
Would they just apply the same stocks that he currently has, in kind?
Do I need to speak with Morgan or just let Fidelity do it?
He also has some after tax stocks in the account due to RMD actions. Would he have to pay tax as those stocks are transferred.?
What else do I need to know, considering it's a non-spousal inherited IRA?
I'd like to move his account to Fidelity where he has all his other investments and that I can make changes online myself.
Questions:
Can I just call Fidelity and have them move the account over?
Would they just apply the same stocks that he currently has, in kind?
Do I need to speak with Morgan or just let Fidelity do it?
He also has some after tax stocks in the account due to RMD actions. Would he have to pay tax as those stocks are transferred.?
What else do I need to know, considering it's a non-spousal inherited IRA?