IRAs cannot be jointly held. The IRS bases withdrawals off of one individuals

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May 27, 2015
11:53:10am

Mexicougazul

IRAs cannot be jointly held. The IRS bases withdrawals off of one individuals

date of birth.

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Mexicougazul

Bio page: Mexicougazul
Joined: Jan 6, 2014
Last login: Apr 27, 2024
Total posts: 4,452 (10 FO)

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Messages

Author

Time

IRA question

Sea Chicken

5/27/15 11:49am

The I stands for individual. I don't think there can be joint owners.

oohYeah

5/27/15 11:51am

I thought it stood for Irish

Sea Chicken

5/27/15 11:53am

Irish Retirement accounts? Weird that they would segregate those...

5/27/15 12:00pm

IRAs cannot be jointly held. The IRS bases withdrawals off of one individuals

5/27/15 11:53am

You can't combine unless you withdraw the money which creates a taxable event.

Zach Morris

5/27/15 11:53am

Thanks guys. I should have known that.

Sea Chicken

5/27/15 11:55am

How badly do you want to combine them?

Steuermann

5/27/15 12:18pm

While you can't combine them, you can execute a power of attorney

Acorn

5/27/15 12:25pm

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