Inherited IRA

Inherited IRAs are specifically designed for retirement plan beneficiaries—those who have inherited an IRA or workplace savings plan, such as a 401(k).

What you should know

  • Required minimum distributions (RMDs) are often based on your own life expectancy
  • Your options may vary depending on your relationship to the original account owner
  • Deadlines apply
    • If you're not the only beneficiary, set up your own Inherited IRA for your portion of the Inherited IRA assets by December 31 of the year following the IRA owner's date of death
    • If you are not a spousal beneficiary, you must generally begin RMDs by December 31 of the year following the original owner's death
    • If you want to disclaim the assets, you must do so within nine months of the date of death of the original owner

Why Fidelity

  • Only $4.95 for online U.S. equity trades*
  • A wide range of Fidelity and non-Fidelity funds, as well as stocks, bonds, ETFs, and CDs—plus help choosing them
  • Automatic withdrawal service to calculate your annual RMD, based on information you provide, and to process the distribution
  • Knowledgeable representatives to help you create and maintain your plan

Need help? Contact Fidelity Inheritor Services to facilitate the process.

*

$4.95 commission applies to online U.S. equity trades in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Other conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody Solutions® are subject to different commission schedules.