IRA Rollover

Archive for March, 2009

Question: Other than tax reasons, why should i rollover a death benefit into an inherited IRA?”?

i am a nonspouse joint beneficiary. the lumpsum amount is right under $15,000.

Answer: You shouldn’t if you don’t want to. It is a good idea to invest the money if you can or at least part of it. Did you know If you spent the lot before the end of the financial year you wouldn’t have to pay tax on it as it is a one off amount from an inheritance.

Life Insurance Sacramento – Retirement Planning