Inherited IRA rules: 7 key things to know 1. Spouses get the most leeway If someone inherits an IRA from their deceased spouse, the survivor has several choices of what to do with it: Treat the IRA as if it were your own, naming yourself as the owner. ...
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 ...
RMDs can be complicated. Let our calculator guide you step-by-step to estimate your inherited RMD.
As a spouse, you further have the option of rollover of the account to a Roth IRA in your own name (not an inherited Roth IRA). This would eliminate the RMD requirement during your lifetime.