What Happens to Your IRA When Your Spouse Dies? Financial Advisor Explains
Your spouse passes away.
Days later, a letter shows up from the custodian with four options and a deadline - all while you're planning a funeral. One decision at that moment can permanently affect your taxes, sometimes costing tens of thousands of dollars more than it should.
In this episode, I walk you through inherited IRAs and spousal rollovers - what actually happens to a retirement account when it passes from one spouse to another, and the good, the bad, and the ugly of each path.
You’ll also learn:
- Why a surviving spouse gets more flexibility than any other beneficiary in the tax code…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.