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As long as your spouse was under age 73 when they died, you can withdraw inherited assets from an inherited IRA at any time, as long as the amount meets or exceeds the amount you are required to withdraw as a beneficiary.
If you inherit a Traditional, Rollover, SEP, or SIMPLE IRA from a spouse, you have several options, depending on whether your spouse died before or after their required beginning date to start taking Required Minimum Distributions (RMDs).
Inherited IRAs present many complications, even more so than the already-strict rules of an IRA plan. But you have several options, including some free ones, that can get you going in the...
If you’re a spouse who’s inheriting an IRA, you’ll have two options for transferring that IRA to yourself: to assume the IRA (often called a spousal IRA as well) or to inherit the IRA. Let’s go through the differences so you can make an informed decision.
If you inherit the IRA from your spouse, wait until the required minimum distributions begin or take distributions based on your own life expectancy.
Check out our guide to learn about inherited IRA rules for spouse and nonspouse beneficiaries.
Inherited IRAs are for beneficiaries of an IRA or a 401k plan. Learn about the rules that apply to these accounts here.
Spouses who inherit a Roth IRA from their spouse have several options for handling the account. How to make the best choice for your circumstances.
When you inherit an IRA, many of the rules for RMDs still apply. Learn what options you have if you are a spouse, non-spouse, or entity.
Beneficiaries of an IRA, and most plans, have the option of taking a lump-sum distribution of the inherited account at any time. Beneficiaries must include any taxable distributions they receive in their gross income.