Can an inherited IRA be converted to your own IRA or to a Roth IRA?

Craig Wear, CFP®Craig Wear, CFP® | Expert in Roth Conversions & Tax-Efficient Retirement Strategies for IRA Millionaires

Incorporating Inherited IRAs and Roth Conversions

8 Jul 2024 · 1 min

Watch on YouTube

0:32

A short YouTube video by Craig Wear, CFP® offering tax strategy guidance on how to treat inherited IRAs alongside other taxable income and discussing limitations on converting inherited IRAs. The speaker emphatically states that inherited IRAs (including Roth inherited IRAs) cannot be converted to the beneficiary’s own IRA or to a Roth.

Questions this video answers

No. According to the speaker, an inherited IRA (including an inherited Roth IRA) cannot be converted to your own IRA or converted to a Roth; inherited IRAs cannot be converted.

Chapters

So when you think about your tax strategy for these inherited IRAs, I'd like you to just think of it in terms of incorporating it with all your other taxable income and including the concept of conversions from your IRA to your Roth of your own. An inherited IRA or Roth IRA cannot be converted to your own account. You cannot convert an inherited IRA to a Roth ira. You cannot convert an inherited IRA to an inherited Roth ira. You cannot convert an inherited IRA at all.