A: What you want to do is perfectly legal, but it's a little more complicated than the standard transfer. The real question is, how can you make sure the broker doesn't screw it up?
Your best option is to simplify the process by doing it in stages, says Barry C. Picker , a tax accountant and financial planner who is also an expert on IRAs.
First, create two inherited Roth IRA accounts at the current brokerage, one for the stocks and bonds and the other for the cash. Make sure they're both correctly titled -- i.e., in your father's name, with yourself listed as the beneficiary.
Then go to the new broker and open a new inherited Roth -- again with the correct title, in your father's name, with yourself as the beneficiary. Finally, tell the new broker to ask the old broker to transfer the cash account into the inherited Roth account you've just opened. The cash Roth IRA account you're having transferred will have its own account number, which you'll be careful to list correctly on the new broker's form.
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