Yes, clients can transfer an inherited retirement plan. The process is called a trustee-to-trustee transfer. Your client’s current provider will send us a check of the funds directly, for your client’s benefit. Please note that currently, we only allow one Traditional IRA and one Roth IRA per person. For example, if a client rolls over an Inherited Traditional IRA with Betterment, the client cannot set up another Traditional IRA with us. According to IRS rules, clients also will not be able to contribute further to their Inherited IRA at Betterment.
