IRA Rollover

Question: RMD on Beneficiary IRA after Rollover/Change in Trustee?

I understand that when I rollover my beneficiary IRA that the RMD for 2007 must be taken first. My question is, must the RMD’s continue with the new institution/IRA account after the rollover. I am doing the rollover because the IRA-CD interest rates at the current institution are less than what I can get elsewhere. Please advise. Thanks.

Answer: No.
You can transfer the IRA to a new financial institution.

Part 03 of 12 – Estate Planning vs. Asset Protection

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