My understanding of this rule involves taking possession of the IRA funds and putting them back into an IRA account within 60 days.
Does the same rule apply if at death a beneficiary spouse does a direct rollover (not an IRA transfer) more than 1 IRA (Roth & Traditional) held in different places ?
As an example, Husband and wife are each age 70. They each have a traditional IRA with ABC mutual fund and each also has a Roth IRA with XYZ mutual fund.
Husband dies in September of 2026 with wife as beneficiary of each IRA.
Can the wife do a direct rollover of both (without taking possession of the proceeds) to her own traditional IRA and Roth IRA without violating this rule ?
Thanks for comments.
Does the same rule apply if at death a beneficiary spouse does a direct rollover (not an IRA transfer) more than 1 IRA (Roth & Traditional) held in different places ?
As an example, Husband and wife are each age 70. They each have a traditional IRA with ABC mutual fund and each also has a Roth IRA with XYZ mutual fund.
Husband dies in September of 2026 with wife as beneficiary of each IRA.
Can the wife do a direct rollover of both (without taking possession of the proceeds) to her own traditional IRA and Roth IRA without violating this rule ?
Thanks for comments.
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