Inherited IRA upon original owner's death?

On Aug 1, 2:06 pm, grendal <im_gu...@hotmail.com> wrote:

> When you inherit an IRA, you have to take in consideration of your
> life expectancy and you have to start removing a percentage of the IRA
> each year such that the entire amount is removed. *You can't
> perpetually keep an IRA.

Do you have a statutory citation to support your analysis?   My (civilian) understanding (this is not my area of law) is that the early-withdrawal-penalty and mandatory-withdrawal-upon-retirement rules apply to the original IRA owner only.  One does not actually "inherit" an IRA, in the sense of it becoming part of the decedent's probate estate and then passing by means of his Will; rather, the funds go directly to whoever the decedent named as a beneficiary on his IRA account, and when the corpus of the fund passes to a named beneficiary upon the owner's death, that is done as a lump sum, free and clear of any obligation to reinvest in another IRA or otherwise to treat it as pre-tax retirement funds of the beneficiary.   Maybe you could clarify what you meant if I misunderstood you.

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