IRA Beneficiaries

IRA Beneficiary Rules
Once an IRA owner passes away, his IRA benefits go to a designated beneficiary. The exact money distributed to a beneficiary wholly depends on whether the beneficiary is a spouse or a non-spouse. If you are named a beneficiary on an IRA, research the inheritance and distribution rules for your profile. more »
IRA Beneficiary Distribution Options
Beneficiary distribution rules for traditional Individual Retirement Accounts (IRAs) take effect when one or more individuals inherit such a savings account after the original owner dies. Because the Internal Revenue Service (IRS) has the authority to tax distributed IRA funds, beneficiaries should follow the relevant guidelines to... more »
Can Widows Draw Money From Their Husband's IRA Account?
There are several options a widow may consider when a spouse has passed away and left an IRA account. The age of the widow, whether or not her spouse was already taking the required minimum distributions by law, and the state of her current income requirements should all be examined closely during the decision process. If you are... more »

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