Business / Taxes / Inherited IRA: An inherited IRA is an IRA that passes to a beneficiary at the death of the IRA owner. If you name your spouse as the beneficiary of your IRA, your spouse inherits the IRA at your death. At that point, it is your spouse's property. But if you name anyone other than your spouse, that beneficiary inherits the rights to income from your IRA, which continues to be registered in your name, but not the IRA itself.
Business / Accounting / Roth IRA: An IRA that allows for tax-free withdrawals as long as the contributions remain in the account for five years, and the account holder meets on e of the following criteria: age 59 1/2, death, disabilit MORE
Business / Taxes / Rollover IRA: A rollover IRA is an individual retirement annuity you create with tax-deferred assets you move from an employer sponsored retirement plan to a self-directed investment account. If you arrange for a d MORE