For beneficiaries who inherit IRA assets, there are a variety of options available for transferring funds from a deceased individual’s account. Unfortunately, having too many choices can complicate an already difficult situation. But what if you could help ensure a smooth and less stressful transition for your clients? By understanding the intricacies of the transfer process and the rules involved, you can do just that.
With this in mind, here are nine questions (and answers) to help you and your clients better understand IRA transfers and beneficiary distribution accounts (IRA-BDAs).