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It is really easy to open an account at Scottrade and it can be set up in minutes. The initial deposit is $2,500 for a non-IRA account and $0 for an IRA, and investors can begin trading as soon as the balance is shown in their account. There are no account maintenance fees or hidden fees of any kind.he initial deposit is $2,500 for a non-IRA account and $0 for an IRA, and investors can begin trading as soon as the balance is shown in their account. There are no account maintenance fees or hidden fees of any kind.
Complete a trust-to-trustee transfer request to move the money from the inherited IRA into the beneficiary IRA at your chosen financial institution. If there are multiple beneficiaries, such as if you and your brother inherited an IRA from a parent, you can split the inherited IRA into two beneficiary IRAs.Step 3. Submit the trustee-to-trustee transfer request and begin taking required distributions from the beneficiary IRA.f you inherit an IRA from your spouse, you have the freedom to treat it as if it were your own account, which means you can move it freely into your own IRA. If you weren't married to the decedent, you can't combine the funds with your existing IRAs.