File Your Representative Payee Report. The SSA requires that a representative payee file an annual accounting called the Representative Payee Report. This report details what you, as the representative payee, have done with the beneficiary's funds during the previous year.
You can roll over an inherited qualified annuity. This type of annuity resides in an individual retirement account or employer plan. A nonspouse beneficiary has limited options regarding how to roll over the annuity and when taxes are due.
First, make sure that your account is eligible for a rollover. Employer-based retirement accounts (401Ks, 403Bs, TSPs) may be eligible as long as you have either retired or changed jobs. If you have a Roth, Sepp, or Traditional IRA plan, you too are allowed to transfer your retirement account into a gold IRA.o buy gold for your IRA, you should follow a few simple steps to make sure that you are in compliance with IRA regulations, so Uncle Sam never gets in the way of your financial independence.