@bnsmit0 wrote:
Thank you both for the input, that is what I was reading, but sometimes the AI generated answers disagree 🙂
I was also curious if it was still considered an "IRA" or a "retirement account" since it was inherited. I wasn't sure if it somehow changed status into something more like a simple investment account since it was inherited.
It is an "inherited IRA" which is a sub-type of IRA with additional rules.
