1

Some minors were listed as beneficiaries on a 457 plan and the plan owner passed away such that the minors inherited it. The local court requires that the money be held in a zero-principal-risk vehicle (i.e. federally-insured, interest-bearing), and since it was a 457 plan (i.e. tax deferred), it's going to be rolled into an inherited/stretch IRA. Do any institutions support something like this or is this too uncommon of a scenario and IRAs have to be in something else like stocks / funds / etc.?

1

My local credit Union has insured IRA accounts or IRA certificates that get the same low interest rates that non-IRA accounts receive. They get NCUA insurance, which is the equivalence of FDIC insurance.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.