Traditional IRA Inherited
Account Features
Professionally Managed
Open in any base currency
No minimum initial deposit required*
Broadest range of investment options
Immediate tax benefits
Tax-deferred capital gains

TRADITIONAL IRA INHERITED

Account Features
Professionally Managed
Open in any base currency
No minimum initial deposit required*
Broadest range of investment options
Immediate tax benefits
Tax-deferred capital gains

Key Facts

A Traditional IRA Inherited account may give you an immediate tax benefit because contributions are often tax deductible. It provides the same tax advantages of a Traditional IRA, and you are able to structure it as the beneficiary of a Traditional IRA that you inherited from a spouse or other IRA account owner who has died, to receive a transfer of beneficiary IRA assets.

  • An account you may set up as the beneficiary of a Traditional IRA you inherited from a spouse or other IRA account owner who has died, to receive a transfer of beneficiary IRA assets.
  • A retirement savings plan that allows an individual to contribute earnings until they are withdrawn.
  • Contributions are subject to annual limits depending on the age of the account owner and may or may not be deductible depending on the individual’s circumstances.
  • Earnings accumulate tax deferred until distributed to you at which time the earnings are subject to tax upon withdrawal.
  • A spouse may contribute to a separate account subject to the same limits.
  • Withdrawals made prior to age 59½ are subject to a 10% penalty unless certain special circumstances apply.
  • Distributions must begin by the account owner’s required beginning date (RBD), which is April 1 following the year that the account owner reaches age 70½.
  • Once the account owner reaches age 70½, he or she must withdraw at least a minimum amount called an annual Required Minimum Distribution (RMD).
  • If an account owner fails to withdraw the full amount of the RMD annually, or fails to withdraw the RMD, there is a 50% tax penalty that may be imposed by the IRS on the amount not withdrawn.

Global Advisers Retirement Services

Interested in our services? Speak with a financial professional.

800-832-8514

Monday – Friday 8 a.m. to 8 p.m.
Saturday 10 a.m. to 4 p.m.
Eastern time

2019 Contribution Limits

Regular: $6,000.
Catch-up for individuals aged 50 and over: $1,000.
Not subject to annual cost-of-living adjustment.

Key Facts

A Traditional IRA Inherited account may give you an immediate tax benefit because contributions are often tax deductible. It provides the same tax advantages of a Traditional IRA, and you are able to structure it as the beneficiary of a Traditional IRA that you inherited from a spouse or other IRA account owner who has died, to receive a transfer of beneficiary IRA assets.

  • An account you may set up as the beneficiary of a Traditional IRA you inherited from a spouse or other IRA account owner who has died, to receive a transfer of beneficiary IRA assets.
  • A retirement savings plan that allows an individual to contribute earnings until they are withdrawn.
  • Contributions are subject to annual limits depending on the age of the account owner and may or may not be deductible depending on the individual’s circumstances.
  • Earnings accumulate tax deferred until distributed to you at which time the earnings are subject to tax upon withdrawal.
  • A spouse may contribute to a separate account subject to the same limits.
  • Withdrawals made prior to age 59½ are subject to a 10% penalty unless certain special circumstances apply.
  • Distributions must begin by the account owner’s required beginning date (RBD), which is April 1 following the year that the account owner reaches age 70½.
  • Once the account owner reaches age 70½, he or she must withdraw at least a minimum amount called an annual Required Minimum Distribution (RMD).
  • If an account owner fails to withdraw the full amount of the RMD annually, or fails to withdraw the RMD, there is a 50% tax penalty that may be imposed by the IRS on the amount not withdrawn.

Global Advisers Retirement Services

Interested in our services? Speak with a financial professional.

800-832-8514

Monday – Friday 8 a.m. to 8 p.m.
Saturday 10 a.m. to 4 p.m.
Eastern time

2019 Contribution Limits

Regular: $6,000.
Catch-up for individuals aged 50 and over: $1,000.
Not subject to annual cost-of-living adjustment.