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Can Inherited Roth IRA be merged with existing Roth IRA?

In: Law & Legal Issues, IRA Plans [Edit categories]

Answer:

No, the inherited funds (beneficiary IRA) have to remain in inherited (beneficiary) form. So the account/funds can only be distributed out of the beneficary IRA as a distribution or transfer to another alike roth beneficiary account at another firm.

However, the deceased account can be transferred into the surviving spouse Roth IRA (or transfer to a beneficiary IRA account). A non-spouse doesn't have this option- they can only transfer to their beneficiary IRA account that they opened.

First answer by Alan2. Last edit by Alan2. Contributor trust: 9 [recommend contributor ]. Question popularity: 2 [recommend question].

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