Basically, I inherited a 401k from my grandmother as an 8 year old child. I then moved the 401k to an IRA at a bank when I turned 18. Few years later I moved that IRA to vanguard. I'm now in my 30's and have let it sit as an rollover IRA because I've been intimidated by taxes and the whole situation in general. I spoke to vanguard about investing my IRA in mutual funds and other stuff and they're telling me I need to talk to a tax advisor because they're telling me it should have been an inherited IRA and not a rollover IRA and I was possibly supposed to take withdrawals years ago.
I talked to someone at h&r block about this situation a couple of years ago and they said I'm fine. The financial advisor at vanguard wants me to get another opinion. Do I just need to talk to the IRS directly about my situation in order to get the right answer?
Submitted June 05, 2021 at 09:54PM by Bioshen7 https://ift.tt/3x3oTi2
