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Can I leave the assets in the existing IRA account instead of opening an Inherited IRA if I am a non-spouse beneficiary?

April 26, 2017account assets Beneficiary existing inherited IRA leave non-spouse opening

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Can I leave the assets in the existing IRA account instead of opening an Inherited IRA if I am a non-spouse beneficiary?

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No. As a non-spouse beneficiary, you cannot leave the assets in the original account holder’s IRA and continue distributions from that account. You can either transfer the assets into an Inherited IRA or take a lump sum distribution.