Byline: Neil Downing
Oct. 8--What to do if you inherit a Roth IRA? That's the question a reader from Bristol asked MoneyLine:
QUESTION: Although your article on inherited IRAs was very informative, ... please follow up [with an] article aimed specifically on a person inheriting a Roth IRA.
--N.R., Bristol
ANSWER: It's a good question, because the rules are a bit tricky.
If you own a Roth IRA, you know the drill: withdrawals are generally tax-free, and you aren't required to make withdrawals -- so you can leave the account intact, to be passed on to your beneficiaries.
But what if you inherit a Roth IRA? Here, too, withdrawals are generally tax-free. ...