"Can an Inherited IRA be reinvested into one with better returns? "
As pointed out above, any RMD cannot be rolled into any other IRA but must be removed from the inherited IRA.
What *can* be done is a trustee-to-trustee transfer (not a rollover) of an inherited IRA to an inherited IRA with a different financial institution that has the investments that you want. That is allowed as long as the IRA with the new IRA custodian remains in the name of the deceased with you as beneficiary - just as it is now but with a different custodian. Any IRA custodian should be familiar with the procedure and can do that for you.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
