If you read this article published by Vanguard http://www.vanguard.com/VGApp/hnw/Va...SS&Channel=IPF
you would probably think the time in which you have to withdraw from an inherited IRA has been extended to the same length as for your own IRA.
Then if you read AUTHOR'S COMMENT on page 13-26 of the 2006 Tax Book, you get a much different, and clearer interpretation.
Apparently the only things that changed is that you can put the IRA in your name and you can also apply the inherited IRA rules to inheritances of other qualified retirement plans.
Am I missing anything?
you would probably think the time in which you have to withdraw from an inherited IRA has been extended to the same length as for your own IRA.
Then if you read AUTHOR'S COMMENT on page 13-26 of the 2006 Tax Book, you get a much different, and clearer interpretation.
Apparently the only things that changed is that you can put the IRA in your name and you can also apply the inherited IRA rules to inheritances of other qualified retirement plans.
Am I missing anything?