Distributions Get Tricky After the IRA Owner Dies
Apr 2, 2007
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By Helen Modly, CFP, CWPA, and Sandra Atkins, CPA/PFS
Inherited retirement plan accounts can be quite complicated for heirs and their advisors. The rules vary depending on who is inheriting the assets, what their income needs are, and the age of the account owner when he or she died. A good working knowledge of the issues involved can save your clients taxes and problems at a time when they may not be able to cope.