Teachers FCU States No EWP For Inherited Traditional IRA?

John Sears | Mar 7, 2017 | 67 posts since 2015

As I'm preparing a list of possible banks and CUs for when my Ally Bank 5 year CD expires in June, I find it tough that someone handles this type, but this is news to me. Anyone ever encounter this with a bank or CU?

Post an answer

Answers

RJM_Willy12 | Mar 8, 2017 | 149 posts since 2016

Early withdrawal penalties are often waived for required withdrawals from an IRA.

Check out the requirement for withdrawals from the inherited IRA. Then ask for the written policy on penalties.

John Sears | Mar 8, 2017 | 67 posts since 2015

I think that's what they are confused about. I'm referring to closing the IRA entirely and moving it elsewhere if rates go up.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.