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I was working on a friend's taxes and he has a 1099R through
I was working on a friend's taxes and he has a 1099R through Merrill Lynch as Custodian. THe first line has his deceased dad's name dcsd IRRA and then his name on the next with FBO in front of his nam… read more
Lane
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One of my clients died this week. She was Age 78 and subject
One of my clients died this week. She was Age 78 and subject to Required Minimum Distributions in her IRA. Her daughter (Age 44) is the beneficiary of the account. The new rules under the SECURE Act f… read more
Lev
Lev
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Bachelor's Degree Equivalent
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My mother died 2/27/2018 and I inherited a Roth IRA. I have
My mother died 2/27/2018 and I inherited a Roth IRA. I have converted it into an inherited Roth IRA with the proper naming, etc. I am 67 and would like to avoid taking the RMD for five years and then … read more
Chad EA, CDFA®, CFP®
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I am the sole benficiary of my huband. He is on vacation and
he is on vacation and i received a distribution notification from merrill edge … read more
DK_CPA
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I inherited my fathers 401k. from his second wife. whose
i inherited my fathers 401k. from his second wife. whose bithday and date of death do i use to calulate the minimum required distribution … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
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While my mother was living, she had a living trust. She
While my mother was living, she had a living trust. She passed away in june and i am the trustee to that trust. She has approximately 300k in an ira that i want to liquidate and disperse to my 6 sibli… read more
Stephen G.
Stephen G.
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Bachelor's Degree
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My Dad passed away. I'm filling out IRA for Spouse
My Dad passed away. I'm filling out IRA for Spouse Inheriting retirement assets form. There is a section for Tax Withholding for federal and State (NY). What percentage of Federal and State withholdin… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
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My mom passed away in June and my sisters and I each
My mom passed away in June and my sisters and I each received almost $70,000 from cashing out her Merrill Lynch fund and had them take out 10%. I still owe around $9000. I am retired and do not usuall… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
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My father had a sizeable stock portfolio. 70% was in a
My father had a sizeable stock portfolio. 70% was in a regular brokerage account and 20% was in IRA's (non Roth) and 10% CD's. When dad passed away five years ago all of his assets passed to my mother… read more
emc011075
emc011075
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I received an inherited IRA from my Mother's Estate
I received an inherited IRA from my Mother's Estate which is administered by Merrill Lynch. It was supposed to be all done in December, and I was promised I could make a disbursement before the end of… read more
Mark D
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My mother passed away in January 2008. I received an inherited
My mother passed away in January 2008. I received an inherited IRA which I set up with Merrill Lynch. They told me that since it was an inherited IRA they would set it up to ensure any required mandat… read more
Robin D.
Robin D.
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my dad passed away and left me benificiary on his IRA 119,00$,
my dad passed away and left me benificiary on his IRA 119,00$, Im to split it with my two sisters. What tax percentage would i py on this or what do you suggest best for me… read more
Lane
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Doctoral Degree
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I just inherited an IRA from my father. I am the sole beneficiary.
I just inherited an IRA from my father. I am the sole beneficiary. He had just turned 70 years old on July 20, 2012 and he passed away on Sept. 2, 2012. He will not be 70 & 1/2 until January 20, 2013.… read more
Lane
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My mother passed away 2 years ago. When my brother asked about
My mother passed away 2 years ago. When my brother asked about the IRA at the Wells fargo Bank, they advised him to leave it there without dispersing yet because of the high interest it was making. So… read more
Charles Markham
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Im 70 years old and have a 401K account with Merrill Lynch
I'm 70 years old and have a 401K account with Merrill Lynch I understand that I'll need to convert my account this year. What are my options and the tax implications that I must face.… read more
Lev
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I am 73, so I must withdraw each year from my annuity. When
I am 73, so I must withdraw each year from my annuity. When I requested the required minimum deduction from Hartford Insurance in 2010, I also signed up for an automatic withdrawal of the required ded… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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I paid a lump settlement to my wife of $200,000 that was transferred
I paid a lump settlement to my wife of $200,000 that was transferred from my IRA account to her IRA account and have court paperwork to support this. I received a 1099r from Merrill Lynch for the $200… read more
Merlo
Merlo
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My father passed away at age 77 recently leaving an IRA to ...
My father passed away at age 77 recently leaving an IRA to myself and my 3 siblings. I relize we must seperate it into 4 Inherieted IRA accounts leaving his name on each of the accounts, and will be r… read more
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