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#1
04-23-2009, 10:24 PM
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 Re: 401K inherited from spouse "MyVeryOwnSelf" wrote: - quote - > If a spouse inherits an IRA, IRS publication 590 explains that it can be
In essence yes, but check with the plan about options. A lot of things in> treated as the survivor's own IRA. (Similarly for a 403B in publication > 571.) An advantage of this choice can be longer deferral of the required > minimum distribution. 401(k)'s are plan specific, and that could include options for spousal beneficiaries. The IRS Pub is 575. -------------- Phil Marti, VITA Volunteer Clarksburg, MD -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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04-23-2009, 09:35 PM
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| Re: 401K inherited from spouse MyVeryOwnSelf wrote: - quote - > If a spouse inherits an IRA, IRS publication 590 explains that it can be > treated as the survivor's own IRA. (Similarly for a 403B in publication > 571.) An advantage of this choice can be longer deferral of the required > minimum distribution. > Is the same true if a spouse inherits a 401K? Yes. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
04-23-2009, 07:14 PM
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| 401K inherited from spouse If a spouse inherits an IRA, IRS publication 590 explains that it can be treated as the survivor's own IRA. (Similarly for a 403B in publication 571.) An advantage of this choice can be longer deferral of the required minimum distribution. Is the same true if a spouse inherits a 401K? -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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