Thank you very much dmertz and Opus 17
I understand that , whether inherited or assumed, I must complete his RMD by the end of this year first.
Now, both my husband and I have IRAs in two different financial institutions, one is local bank as I mentioned earlier that we started off and another one is investment company.
Is it possible if I decide to do somthing like...
Inherited TRA IRA(start beneficiary RMD from 2024) and Assumed ROTH(take out any amount at any time without penalty or tax but leave the earned amount) with the BANK, and
Assumed TRA IRA(contribute/invest if I can/want to or leave as is until 59 1/2) and Assumed ROTH with the investment firm ?
OR like
Inherited TRA IRA with both institutions for now and maybe in 2025 change either or both to Assumed IRA ?
or is it considered One TRA and/or One ROTH even if spreaded in multiple institutions?
Thank you
*I'm not planning a conversion between iras
