This article explains what an Inherited IRA is and guides you through the process of opening one at M1.
What Is an Inherited IRA?
An Inherited IRA (also called a Beneficiary IRA) is a retirement account that you establish when you inherit assets from someone else's retirement account after their death. This special account allows beneficiaries to maintain the tax-advantaged status of the inherited retirement assets while following specific distribution rules.
Purpose of an Inherited IRA
Preserve tax benefits of the original retirement account
Transfer ownership of retirement assets to designated beneficiaries
Allow for continued growth of investments on a tax-advantaged basis
Manage distributions according to IRS regulations based on beneficiary type
How to open an Inherited IRA at M1
Prerequisites
An existing active M1 account (if you don't have one, please follow the steps listed here.)
Death certificate of the original account owner
Information about the deceased's retirement account
Your government-issued photo ID
Step-by-step application process
Select the appropriate form based on the type of IRA you're inheriting:
Beneficiary Traditional IRA form - https://arsl.at/GOR4NaMl
Beneficiary Roth IRA form - https://arsl.at/Gv21ZZbG
Complete all required fields on the form, including:
Your personal information
The deceased's information
Beneficiary designation for your Inherited IRA
Include the name of the deceased in the appropriate box (critical for proper processing)
Submit the completed form via the secure upload process
Upload your government-issued photo ID (driver's license, state ID, or passport) by clicking here.
Wait for processing - M1 will follow up via email within 2-3 business days
Provide additional documents, if requested
Complete the funding process once your account is approved.
Brokerage accounts on the M1 platform are either fully disclosed to APEX Clearing or cleared through M1 Finance LLC. Please look at your account statement to determine how your account is cleared.
All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future performance. Using margin can add to these risks. Users utilizing APEX cleared margin accounts should review the APEX margin account risk disclosure before borrowing. Users utilizing M1 cleared margin accounts should review the M1 margin account risk disclosure before borrowing. M1 Margin Loans are available on margin accounts with at least $2,000 invested per account. Not available for Retirement or Custodial accounts. Margin rates may vary.
Brokerage products and services are offered by M1 Finance LLC, Member FINRA / SIPC, and a wholly owned subsidiary of M1 Holdings, Inc.
This content was generated using artificial intelligence and is intended for informational and educational purposes only. While reasonable efforts are made to ensure accuracy, AI-generated outputs may omit key context; and should not be construed as financial, investment, legal, or tax advice. Users should independently verify all information and consult a qualified professional before making any financial decisions.
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