Question

1. What are the basic financial requirements before you roll over your IRA into a ROTH IRA?
2. If the beneficiary to an IRA is not a spouse, upon death of the account owner, when do distributions begin and on what do they base the life expectancy for determining annual distributions?

Answer 1

01 gnswers 0 Basic financial requirements before you page ove soll your IRA into a ROTH IRA → There is an income lirits on roth participants, usually income group benefits from the rollover of the high IRA in to Roth IRA. as Roth IRA on are not con no → Roth participants has to owe tares in the next year on the fund transfer from IRA to roth IRA contributions are to be made with after tax dollars Non a beneficiary IRA eligible to roll the inherited IRA in to their own name, nor they contribute to it. There is early withdrawal penalty paid by the beneficiary but must pay the income tar on the withdrawl amount $ inhereted IRA. spouse beneficiary must withdrawd all inhereted IRA funds within the lo years of death of the original account holder . distribution must begin later than 31 december of the the year after death under life expectancy method. non