Transfer Roth IRA to Spouse-Does IRS allow?

Question

The spouse who owns the Roth is 53.  The other spouse is 63.  Can the 53 year old give their Roth to the 63 year old so it can be distributed without penalty?

Wayne Z · Accepted Answer

No

Only if the 53 year old is dead and the 63 year old is the beneficiary of the account.

Bostonian In MO · Answer

There are only 2 ways to transfer an IRA:

1.  As part of a QDRO due to a divorce.

2.  By dying.

ninasgramma · Answer

The IRS does not allow this type of transfer.  You can name your spoue as beneficiary and if you die before age 59.5, you spouse can take a distribution without penalty.

Eva · Answer

No.  Contributions to the Roth can be distributed to the 53 yr. old without penalty if they have been in the Roth for at least 5 yrs.  Earnings would be subject to penalty.

匿名 · Answer

Or if a court has ordered a split as part of a divorce.

StephenWeinstein · Answer

Not if they stay married.

However, if they get divorced, then they can transfer it as part of the divorce settlement.

tro · Answer

this is not allowed

匿名 · Answer

Only by dying.....

Judy · Answer

no

Transfer Roth IRA to Spouse-Does IRS allow?

9 個解答