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Retirement / Decumulation, Estate Planning, Assets and Investment Planning

Should I Inherit My Deceased Spouse’s Traditional IRA?

There are a few options a client can consider when they inherit an IRA from their spouse. The best option for your client will depend upon a variety of factors, and the relevant rules and decision points can be confusing.

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
Related Guides
What Issues Should I Consider Before I Retire?
Category: Retirement / Decumulation, General, Life Events
Can I Avoid Taking My RMD After Reaching My Required Beginning Date (RBD)?
Category: Retirement / Decumulation, Tax Planning, Assets and Investment Planning, Life Events
Will A Distribution From My Roth IRA Be Tax & Penalty-Free?
Category: Retirement / Decumulation
Will A Distribution From My Traditional IRA Be Penalty-Free?
Category: Retirement / Decumulation, Tax Planning, Assets and Investment Planning
Will The Distribution From My HSA Be Tax And Penalty-Free?
Category: Retirement / Decumulation, Assets and Investment Planning

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