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Do I need to wait till I am 72 to move some money? Can I roll over some into my IRA starting now, and how much each year? My mother probably didn't move any money after she got dementia, she died 10/22 at 92 years old. I put the money into a new Roth IRA in my name and I also have my own little IRA. Got a notice recently that I need to move money from the Inherited IRA, but I am not sure how to bust a move!

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There should be a name on the IRA header on who is handling it or from what entity. There might even be an 800 number. The agency who held the IRA should be willing to give you advice. Talk to the person or entity in charge. You might be advised to take it out in portions for the next 5 years but new laws might allow you to 10 years. I had to distribute an estate to 2 beneficieries in their early 40s. One did it in segments and the other took it out completely and invested it elsewhere. One owed a larger tax percentage, which it think this worries you.
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Have a look at

https://www.bogleheads.org/wiki/Inheriting_a_Roth_IRA

You can’t roll inherited Roth IRA money into your personal IRA, not even if it is also a Roth. Hopefully what you actually did was move it from her personal Roth IRA into an inherited Roth IRA. If it was accidentally moved into an inherited traditional IRA, you need to get that fixed because it is a tax problem.

Most likely, you will just need to take the money out within 10 years. The only way to put it in your own IRA is if you have earned income and use the cash you take out to make the contribution you would have been eligible for anyway.

Note that inherited money is generally your separate property, unless you take it out and put it into a shared account. Hopefully your marriage is strong, but someone in similar circumstances should be aware that life changes can stress a marriage and make their choice to share or not share their inheritance purposefully.
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https://www.investopedia.com/roth-ira-beneficiary-rules-4770500#:~:text=Under%20the%20Five%2DYear%20Rule,withdraw%20contributions%20at%20any%20time.

Here are the rules.
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Ask this at www.bogleheads.org to get expert advice
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I would discuss this with a banking executive where the ROTH is, or with your own CPA or an accountant. These things are matters in which you can't take the word of someone on a Forum, because if you are wrong the tax repercussions can be steep. Hope you will let us know what you find out; will await your update.
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Being a beneficiary is automatically an exception to the premature distribution rules. If the Roth is less than 5 years old, you may still have to pay tax on any gains.

You cannot move funds from a Roth to an IRA as a rollover. That is considered a recharacterization, and the IRS prohibited that a few years ago. You can take normal distributions from the Roth and make normal contributions into an IRA (as long as you meet the other income rules).
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you need to talk with a financial advisor who would be able to help you shield your cash and avoid fines. there are different contracts that would have to be understood. Not really helpful to get advice on an open forum.
It is better to use someone who knows what the are doing and who can look at the intricacies of your financial documents.
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BarbBrooklyn Aug 2023
Financial "advisors" are generally salespeople looking to line their own pockets.
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