GUIDE UPDATE: Should I Inherit My Deceased Spouse’s Traditional IRA?
Our guide creation team got to work and updated the Should I Inherit My Deceased Spouse’s Traditional IRA? flowchart to reflect the recent IRA guidelines regarding inherited IRAs. Become a member to ensure you never miss a planning point, and are staying on top of the latest rules with this flowchart.
Should I Inherit My Deceased Spouse’s Traditional IRA?
There are a several options a client can consider when they inherit an IRA from their spouse. To help make the analysis easier, we have created the “Should I Inherit My Deceased Spouse’s Traditional IRA?” flowchart. 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
- And more!