I WAS THE BENEFICIARY OF MY LATE WIFE’S IRA AND 401(K) — BUT I WANT OUR KIDS TO GET THE CASH. DO I STILL HAVE TO TAKE MI
https://media.zenfs.com/en/moneywise_327/631c966d24c9e8c55cf4fe75b9e2e5f8
✍️ A 70-year-old widower, Stan, inherited his wife's Roth IRA and 401(k) and is unsure about the required minimum distributions (RMDs) rules.
👉 Roth IRAs are not subject to RMD rules until the original account owner dies 👉 As the surviving spouse, Stan has different rules than a typical beneficiary 👉 He can delay RMDs for two years or follow the 10-year rule 👉 He can roll over the funds into his own Roth IRA account to avoid RMDs
-- #Stan #JeffBezos #DaveRamsey #RobertKiyosaki #finance
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