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.
Rollovers Into the U-M Plans. You may rollover assets from another employerâs retirement plan or from an IRA into the U-M Basic Retirement Plan, the 403(b) SRA, or the 457(b) Deferred Compensation Plan at any time.U-M authorization is not required.ou can rollover assets into an IRA with TIAA-CREF or Fidelity instead of into the U-M plans. Rollovers into an IRA will give you flexibility for cash withdrawals, will consolidate your assets with TIAA-CREF or Fidelity alongside your U-M retirement accounts, and provides you a single quarterly statement.