Should I Inherit My Deceased Spouse’s IRA?

There are a few options a spouse can consider in dealing with the IRA they inherited from their spouse. Some options are more limiting, while other options are more flexible. The rules and the implications of each option can be confusing.

To help make this easier, we have created the “Should I Inherit My Deceased Spouse’s IRA?” It addresses common issues that arise when a client inherits a Traditional IRA from a spouse:

  • Implication if spouse passed away before their Required Beginning Date
  • Inheriting the IRA vs rolling the IRA into a Traditional IRA
  • RMD calculations
  • 5 year distribution rule
  • Consideration if income is needed soon

Does not reflect changes from The SECURE Act