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Reply to "If you are keeping an inheritance separate from marital funds, how do you handle inherited IRA"
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[quote=Anonymous][quote=Anonymous]Why "thanks Trump"? This money has never been taxed, it's always the law that pre-tax funds get taxed when withdrawn, has nothing to do with who is president.[/quote] The Trump tax laws changed the amount of time for mandatory withdrawals from your average lifespan to ten years. OP, this just happened to me last year at 50. The inherited IRA is in my name and I’m withdrawing the money and putting it in our joint brokerage account and/or using the money to buy investment property jointly. Obviously YMMV depending on your marriage and how your finances are set up therein but if you want to keep it in your name only open a non-IRA brokerage account and do it that way.[/quote]
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