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  • My client’s four children are the beneficiaries of his IRA. They each split their share of the inherited IRA into separate inherited IRAs the year following the year he died ( he died last year and they split the account this year). There is some disagreement as to whether they must use the oldest beneficiary’s life expectancy to calculate their distributions for this year, or if they can use their own life expectancies? In fact, we are looking at two books, and one says the oldest beneficiary’s life expectancy must be used, and the other says each beneficiary can use their own.

    Can they use their own life expectancies? Or are they required to use the life expectancy of oldest beneficiary?

  • I recently inherited a Traditional IRA and would like to convert a portion of it to a Roth IRA. Am I allowed to do so?