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Retirement & Planning
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Inheriting an IRA


Inheriting an IRA

An Inherited IRA is an account you open and transfer money into if you are the beneficiary of an IRA or employee sponsored retirement plan. As a beneficiary, you can’t make additional contributions, but you do have options, including growing your inherited funds tax-deferred.

Need IRA help? Call 866-855-5636 anytime.

  • Inheriting an IRA? Your 4 options:

  • Transfer the funds to your account.

    If you inherit an IRA from your spouse, the funds in the account are treated as your own, and distribution rules are the same as if the account had always been yours.

  • Transfer the funds to an Inherited IRA.

    This is typically done if you inherit an IRA from someone other than a spouse. The account can continue to grow tax-deferred, and you must take Required Minimum Distributions (RMDs) annually regardless of your age.

    Inherited IRA Withdrawal Rules | Beneficiary RMD Calculator

  • Take a full distribution now.

    This may be considered taxable income and may push you into a higher tax bracket.

  • Disclaim the assets.

    You can choose not to inherit the IRA; this is known as "disclaiming assets."

Take the next step.

Open an Inherited IRA today.

Apply Now or call 866-855-5636.

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