Spouses have more flexibility in how to handle an inherited IRA. For one, they can roll over the IRA, or a part of the IRA, into their own existing individual retirement accounts. The advantage of this rollover is the ability to deferrequired minimum distributions (RMDs)of the funds until ...
Not surprisingly, that can cause a problem if someone dies late in the year. The last day of the calendar year is the deadline for taking that year’s RMD. “If your father dies on Christmas Day and still hasn’t taken out the distribution, you may not even find out that you own ...
An inherited Individual Retirement Account (IRA) comes with different options for beneficiaries. Learn more about the complexities of inherited IRAs.