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Opening & funding Roth IRAs for parents with intention to eventually inherit it?
Opening & funding Roth IRAs for parents with intention to eventually inherit it? My parents don’t have Roth IRAs and are not interested in it. With their blessing, does it make sense for me to open one for my mom and dad, fund it, then add myself as a beneficiary so that I can inherit all of it and roll it over into my Roth IRA? This way I can max out contributions on my Roth IRA, my non-working spouse’s Roth IRA, my mom’s, ...
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