Am I allowed to make contributions to an inherited IRA?

Asked by Erin

2 Answers

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Answered by Kevin Mcclain, Financial Adviser in Tacoma, WA
Sorry Erin, but the answer is no. Contributions would need to be made in a different IRA. | 12.03.15 @ 20:12
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$commenter.renderDisplayableName() — {comment} | 12.03.16 @ 02:51
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Answered by Bruce
You can put it into a Beneficiary Designated Account in the deceased's name with you as the beneficiary. But if the deceased is over 70 1/2, you will have to take the required minimum distribution every year. | 12.08.15 @ 20:46
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$commenter.renderDisplayableName() — {comment} | 12.03.16 @ 02:51
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