Recommended IRA Custodians

Submitted by Glenn Hammill on Tue, 2020-10-20 00:10

Anybody have a list or website of recommend IRA custodians?
(There used to be a list on Natalie Choate’s site but I do not see it now)

I have a client who recently died and his trust is the beneficiary and there are 6 trust beneficiaries.

The IRA is currently at a big popular bank which is inflexible and difficult to deal with.

I am hoping the executor/trustee will want to transfer it and try for some stretch instead of liquidating it.

Thanks,

Glenn



Submitted by Alan - IRA critic on Tue, 2020-10-20 01:58

Am sure her list would have been mostly composed of large brokers including Fidelity, Schwab and perhaps Vanguard, but most of the responsibility will fall on the trustee of the trust in executing the provisions of the trust.  Divergent needs of the 6 beneficiaries would increase complexity. Without divergent situations, the 10 year rule might apply for distributions from the IRA.



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