Asked by Erin  |  Submitted December 03, 2015

Am I allowed to make contributions to an inherited IRA?

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  Answers  |  2

December 03, 2015

Sorry Erin, but the answer is no. Contributions would need to be made in a different IRA.

$commenter.renderDisplayableName() | 09.22.20 @ 08:26


December 08, 2015

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.

$commenter.renderDisplayableName() | 09.22.20 @ 08:26