Inherited IRA at Equitable.
Hope I can get all the details written here....
I and several others have inherited an IRA at Equitable.
I understand it will stay at Equitable although I prefer to move it to my regular IRA company.
I also understand I have a defined period that it must be withdrawn.
The investment guy that is managing these funds seems to be withholding or at the very least dodgy or it may be that he doesn't understand how it's supposed to work... either way the end result is the same, I'm not getting answers.
The executor/trustee has released the funds/filed the forms requested so the funds can be released to the listed heirs. The current advisor of the inherited IRA seems to think the fund can't be broken up and we all share it. (really?)
-So what should I expect? I'm thinking the existing account gets divided as defined and we each get our own account?
And if anyone knows of a contact at Equtiable I can ask this too, even better. I submitted a question on their website over the weekend and called the area office today, left a message, but have yet to hear back from them.