True, but then it will not be called an "Inherited IRA" any moreSure, but once the income tax has been paid on the mandatory withdrawals the OP can reinvest the remainder in a taxable brokerage account with an asset allocation eye on the future.The $1 million in Inherited IRA must be emptied out within 10 years from the date of death of the decedent, from whom you are inheriting that IRA. That is the current law, and unfortunately you cannot have "no intention of withdrawing from it".
It is just plain taxable account, and as I said, "invest for the heirs" if the intention is to pass on this inheritance to future heirsStatistics: Posted by lakpr — Mon Feb 19, 2024 2:29 pm — Replies 6 — Views 375