Telemus Blog

The Case of the Botched $276,000 IRA Transfer

Written by Forbes | Nov 7, 2019 2:56:09 PM

 

It can be a quick online process: The custodian bank or wirehouse transfers the IRA assets into an inherited IRA that the beneficiary can hold onto for life—or cash out.

What happens to an Individual Retirement Account when the IRA owner dies?