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About tn8269

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Retirement

Re: Michigan Took My Mother's IRA as Unclaimed Property

Hi, Thanks for taking the time. No, RMDs were coming out of this account. As I wrote, it was that she had not responded to the custodian's written inquiry. There would have been no inquiry had she elected to have RMD checks mailed to her and deposit...

tn8269 03-04-2019 10:22 PM

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Retirement

Michigan Took My Mother's IRA as Unclaimed Property

I'm a 58yo attorney and my mother will be 80 this year. I live several states away and she seems to be doing OK. HOWEVER, in 2018 her IRA custodian turned over one of her IRAs to the State of Michigan as "unclaimed property"! This happened despite he...

tn8269 03-04-2019 05:44 PM

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