@fanfare
@Notch352
I think some lack of clarity is creeping in. The beneficiary IRA must always be a beneficiary IRA and is subject to the requirement to withdraw all of the money within 10 years. The beneficiary may open as many IRA accounts as they want with as many different broker accounts as they want, and they may invest in any investment they prefer, but every account must be labeled as a beneficiary account and must be closed within 10 years.
to put the money into an investment outside of the IRA, it must be first withdrawn from the IRA and the taxes paid. After withdrawing the money, it could be contributed to a new IRA (subject to the $6000 per year limit) or it could be invested in stocks or bonds or mutual funds or any other desirable investment and you would pay annual taxes on dividends and capital gains because it would no longer be in a tax deferred account.
in short, you can roll over the money to a different beneficiary IRA if you prefer to work with a different broker or to pick different investments, but it must always remain in a beneficiary IRA until you withdraw it and pay the taxes.
