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Inheriting a Retirement Account
Belfint Lyons & Shuman, CPAs Link to more items from this source
Oct. 3, 2013

"A spousal beneficiary has two options when it comes to an inherited retirement account: the spouse can either (1) keep the IRA under the deceased spouse's name with the surviving spouse remaining as the beneficiary, or (2) make an affirmative election to treat the inherited account as his/her own. The benefits of each option vary, so the beneficiary must choose the option which best fits his/her particular circumstances. A non-spousal beneficiary, however, does not have the option to treat the Inherited IRA as his or hers, but can treat it only as an Inherited IRA."

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