“Inherited IRA week” continues with a video on exactly how you should invest an inherited IRA.
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Great vid. Thanks
Hi
If I had an inherited IRA, I would put it all-in on Tesla stock. Buying Tesla stock at these ultra low prices is an opportunity of a lifetime.
I inherited a non-spousal IRA a few years ago. Been in the process of "rolling" it into a Roth-IRA over about a 5 year period by using withdrawals from that Inh-IRA to fund an I401K account with my home business. Then convert that I401K contribution into the Roth at the end of the year. It's a bit complicated, you end up with the taxable withdrawal and the taxable conversion but get one deduction for the I401K contribution. But in the end, I should have most of the Inh-IRA in my Roth account before I close up shop on the business.
You answered my exact question! Thank you so much!!