Inherited Ira Spouse
One popular option was taking required minimum distributions. Your spouse dies and you inherit his or her IRA. Should I Inherit My Spouses Ira Isc Financial Advisors If the surviving spouse is less than age 59½ and might need to take distributions before reaching that age then the inherited IRA likely is the best option. Inherited ira spouse . IRA Heirs Beware Mistakes The decision typically. Transfer the assets to an inherited IRA and take RMDs. Spousal Inherited IRA. The surviving spouse can move the account into an inherited IRA to keep the tax shelter. For IRAs inherited prior to Jan. However keep in mind that these larger distributions could push you into a higher tax bracket. Treat it as his or her own by rolling it over into a traditional IRA or to the extent it is taxable into a. Tax-wise the new IRA recipient is subject to the same tax rules that any IRA holder would be. If you were gifted a traditional IRA by a spouse you can roll its funds into any exis