Consolidating inherited iras are emily osment and mitchel musso dating in real life
So that rules out using one of my pure stock funds either….
That leaves one of my two existing balanced funds — either the Vanguard Wellesley Income Fund (VWINX/VWIAX) or the Vanguard Life Strategy Moderate Growth Fund (VSMGX).
I’m a firm believer in consolidating and simplifying my assets. And I knew they’d also have the expertise to help me sort out my options with the Inherited IRA, once they were custodian of the money.
With an easy phone call, an advisor at Vanguard pre-filled the paperwork for the transfer, and overnighted the documents to me.
Fortunately they had my Social Security number on file, and that matched. I began to get more information on what this was all about.
I could log on to my home page at Vanguard and see the sum of money sitting in the settlement fund — Vanguard’s Federal Money Market — in a brand new Inherited IRA account, along with my other Vanguard accounts.
Inherited IRAs are called “IRAs”, but their similarity to your other IRAs is only skin deep.
(But don’t bet your hopes on that kind of performance going forward.) However, I have been exasperated with Wellesley’s active management in recent years.
Seems like every time I open a semi-annual report from the managers, they are apologizing for underperforming their benchmark due to “weak security selection” in certain sectors.
OK, so that meant I would be choosing the RMD/Life Expectancy Method to withdraw from my Inherited IRA.