IRAs: Beneficiaries of IRAs and Qualified Plans

Navigate the complex rules for inheriting IRAs and qualified plans with our comprehensive guide. This resource provides critical information for beneficiaries, including surviving spouses and non-spouse beneficiaries, on managing inherited accounts. Learn about required minimum distributions (RMDs), rollover options, and the tax implications of inherited accounts, ensuring compliance and optimal financial decisions.

Highlights:

• Surviving Spouse Options: Choices include treating the IRA as your own or rolling it over into another retirement plan.

• Non-Spouse Beneficiaries: Rules for RMDs and limitations on contributions and rollovers.

• RMD Rules: Guidelines for taking RMDs, including the 10-year rule and exceptions for eligible designated beneficiaries.

• Inherited Roth IRAs: Special rules and considerations, including tax treatment and distribution requirements.