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Inherited IRA

By Mike Miles on May 28, 2013 Uncategorized

Q. I have an inherited IRA with $50,000 (from my 75-year-old father). It is in a managed asset account. I have to take a required minimum distribution on a yearly basis. Can I transfer this money into my Thrift Savings Plan account and request RMD on yearly basis?

A. No.

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Mike Miles

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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About the Author

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.
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