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If you've inherited an IRA or employee-sponsored retirement plan, transfer it to a Schwab Inherited IRA and get one-on-one help and guidance. You'll get all the tax advantages of the IRA, as well as the ability to withdraw funds according to a set schedule over your lifetime.
What are the fees and commissions?
- Monthly service fees: $01
- Account Minimum: $1,000
- Commissions: $8.95 per online equity trade;2 $0 per Schwab ETF online trade in your Schwab account3
What do I get with a Schwab Inherited IRA?
Every Schwab account comes with one-on-one investment help and guidance. With this account, you'll also get:
- A way to continue to shelter any potential growth in a tax-advantaged account
- Withdrawals on a set schedule
- Retirement planning tools and resources in our IRA Center
- 24/7 service and support
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Ready to get started?
Call 866-855-5635.
Account fees and commissions
There is no fee to open or maintain an account at Schwab.
- Minimum balance requirement: $1,000
- Monthly service charge: $0
- Trade commissions: $8.95 per online trade;1 $0 per Schwab ETF online trade in your Schwab account2
What more pricing details?
Other fees may apply. Learn more about our fees and minimums.
Quick answers to related questions
Have questions about our Inherited IRA? Here are responses to some of the most common questions we hear. If you have a specific question that's not answered here, please call us at 866-855-5635.
We’ll send you your account number as soon as your application is completed and approved. You can use your account number to log in to Schwab.com and manage your account.
An Inherited IRA is created when the beneficiary of an IRA inherits the assets after the death of the original owner. When a beneficiary takes possession of an IRA or employer-sponsored retirement plan, the funds are transferred into an Inherited IRA so that the assets remain tax-advantaged. Eligible IRAs include Traditional, Rollover, SEP, SIMPLE, and Roth IRAs. For more information, download our
Inherited Retirement Account Guide or request it
by mail.
Anyone (spouse, non-spouse, or entity) who has inherited the assets of an IRA or employer-sponsored retirement plan is eligible to open an Inherited IRA. Eligible IRAs include Traditional, Rollover, SEP, SIMPLE, and Roth IRAs.
Yes. You can transfer the existing IRA into your name and defer distributions until you are required to take the Required Minimum Distribution (RMD). Or if you plan to take a distribution before you reach age 59½, you can open an Inherited IRA. Either way, you should consult a tax advisor for more details.
No. Only spousal beneficiaries can treat Inherited IRA assets as their own by transferring the assets into a new or existing Traditional, Rollover, SEP, SIMPLE, or Roth IRA.
No. As a non-spouse beneficiary, you cannot leave the assets in the original account holder's IRA and continue distributions from that account. You can either transfer the assets into an Inherited IRA or take a lump-sum distribution.
No. Contributions to Inherited IRAs are not permitted.
Yes. If you decide to open an Inherited IRA, certain rules will determine when you must take your distributions. These rules are based on the type of IRA inherited, the age of the original account holder at his or her death, and the type of Inherited IRA opened. For more information, download your
Inherited Retirement Account Guide.
It helps to have the following information on hand before you get started:
- Your Social Security number
- Your driver's license number
- Your employer’s name and address (if applicable)
- Statement information for funds you may want to transfer
- Notarized Affidavit of Domicile
- Copy of the death certificate and letters testamentary
- If you inherited a Schwab IRA: Schwab Inherited IRA Distribution Form
- If you inherited a Schwab QRP or Individual 401(k): Qualified Retirement Plan (QRP) and Keogh Distribution Request Form
Minors, nonresident aliens, and trust, estate, and organizational beneficiaries may need to file additional paperwork. For more information, download your Inherited Retirement Account Guide or call us at 866-855-5635.
Take the next step.
Open a Schwab Inherited IRA today.
Call 866-855-5635 to get started.
See all accounts.
1. There are no fees to open or maintain your account. Other fees may apply; please see pricing details.
2. Restrictions apply: The $8.95 commission does not apply to foreign stock transactions, large block trading transactions requiring special handling, or restricted stock transactions. All broker-assisted and automated phone trades are subject to service charges. See the Charles Schwab Pricing Guide for details. Employee equity compensation transactions are subject to separate commission schedules.
3. Restrictions apply: Online trades of Schwab ETFs™ are commission-free at Charles Schwab & Co., Inc. (member SIPC), while trades of third-party ETFs are subject to commissions. Broker-assisted and automated phone trades are subject to service charges. A minimum deposit of $1,000 is required to open most Schwab brokerage accounts. Waivers may apply. See the Charles Schwab Pricing Guide for details. All ETFs are subject to management fees and expenses.
Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.
Investment value will fluctuate, and shares, when redeemed, may be worth more
or less than their original cost.
This tax information is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.
Account must be approved and funded before trading can occur.
Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with the Charles Schwab Corporation for any of its affliates.
