What is an Inherited IRA?

$Inherited IRA for Non-Spouse An Inherited IRA is an account opened when a beneficiary inherits an IRA or an employee- sponsored retirement plan after the death of the original account owner.Options for inheriting an IRAThe options you will have would depend on your relationship with the deceased and age of deceased at the time of death.RBD (Required beginning date)Prior to RBDPost RBDWithdraw all assets at once(a) Life Expectancy Rule (RMDs mandatory each year)(b) 5 year RuleRMDs to start by December 31st in year following deathNot ApplicableDistribution of entire A/C in 5 years after deathDistributions based on your single life expectancy1. Take Lumpsum distribution2. Setup an Inherited IRANote: In case of multiple beneficiaries, separate accounts to be established by 12/31 of the year following year of death. If not split, the RMDs would be based on the life expectancy of the oldest beneficiary.Taxation of other withdrawalsRMDs based on your age , and when rolling assets into your own IRA.Taxed at current tax bracket +10% penaltyTaxed at current tax bracket59.5 years59.5 yearsLess thanMore thanDistributions are mandatory after 70.5 yearsOpen an IRA in 5 minuteswww.qplum.co/ira1-888-QPLUM-4Ucontact@qplum.co Harborside 5, 185 Hudson Street Suite 1620, Jersey City, NJ 07311qplum LLC is a registered investment advisor (see SEC.gov for more information). Information presented is for education purposes only and does not intend to make an offer for solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and there are no guarantees of any kind. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Visit our website for full disclaimer and terms of use.*For more information on distributions and conditionsCLICK HERE

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