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Jill on Money with Jill Schlesinger

Inherited IRA Tax Strategy

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.61.9K Ratings

🗓️ 26 May 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

What is the best way to avoid a major tax hit with an IRA that I recently inherited? Can I transfer the money into my brokerage account or a 529 plan with no tax consequence?

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

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0:00.0

Notification from Monzo

0:02.8

You've spent $54 at Crystal SprayTan

0:06.4

You've spent $67 at Crystal SprayTan

0:10.2

You've spent $86 at Crystal SprayTan

0:14.2

Welcome to LA

0:16.8

Welcome to fee-free spending abroad

0:19.5

Welcome to making your travel money go further

0:22.2

with your Monzo Mastercard

0:24.8

Search Monzo Travel today

0:27.2

UK Residence, Terms and Conditions Apply

0:30.1

We're a college tip from the fellas

0:33.0

At this episode is brought to you by the new movie

0:36.6

Strays!

0:38.0

Strays is the hilarious dog comedy that you've been waiting for

0:41.2

The story follows Reggie and a foul mouth book

0:43.9

who along with their pack of strays embark on an epic adventure of revenge

0:48.4

Doggy style

0:49.2

And of course it gets even better because it's voiced

0:51.6

by Will Ferrell and Jamie Fox

0:54.0

So gather your mates

0:56.1

Oh, I will my friend because strays is in cinemas August 17th

1:04.1

Welcome to the Jill on Money Show

...

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