Helping Diligent Advisors Ensure They're On The Right Planning Path
Should I Inherit My Deceased Spouse’s Traditional IRA?
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There are a few options a client can consider when they inherit an IRA from their spouse. The best option for your client will depend upon a variety of factors, and the relevant rules and decision points can be confusing.
To help make the analysis 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:
- Inheriting the IRA vs. rolling the IRA into the client’s own traditional IRA
- 10-Year Rule vs. Life Expectancy Rule
- RMD calculations
- Considerations based on age and income needs
Updated for 11/15/2020
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