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spousal beneficiary

3 IRA Rules To Know Before You Walk Down the Aisle

Wednesday, September 14, 2022
According to many recent surveys, the fall months of September and October are overtaking June as the most popular time of year to tie the knot. If your wedding is approaching in the next few months, the last thing you may be thinking about is your retirement account, but when it comes to IRA rules, marriage has its benefits. Here are three IRA rules you should know before you walk down the aisle:
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Death of a Spouse, Death of Dad

Wednesday, June 29, 2022
Over the past couple of months I have been tasked with the unfortunate responsibility of helping my mother sort through her financial affairs after the death of her spouse. My dad passed in March, and it has been a steady stream of questions, conference calls with her financial advisor and one important decision after another. Of course, this doesn’t even scratch the surface of the emotional stress and strain on the family.
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Qualified Charitable Distributions & Spousal Beneficiaries: Today's Slott Report Mailbag

Friday, May 13, 2022

By Andy Ives, CFP®, AIF®
IRA Analyst
Follow Us on Twitter: @theslottreport


Question:

I have a 401(k) that I'd like to use a portion for a QCD. I understand that QCD's have to be from an IRA. Can I move a portion to an IRA for the QCD? How will this affect my RMD from my 401(k)? Federal tax implications? Thank you!

Answer:

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Spouse as IRA Beneficiary

Monday, October 18, 2021
When a married IRA owner dies, the surviving spouse is oftentimes the beneficiary. Of course, there are instances where a trust might be named as IRA beneficiary, or the children or a charity or someone else is listed. Regardless, typically it is the spouse, and how that spouse treats the inherited IRA dollars is important. While at first glance this appears to be a simple decision, there are multiple variables and options to consider.
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FIRST-YEAR RMDS AND IRA SURVIVING SPOUSE OPTIONS – TODAY’S SLOTT REPORT MAILBAG

Thursday, October 14, 2021
Question: I am retired and turned 72 in September, 2021, so I must begin required beginning distributions (RMDs) by April, 2022. I have traditional and Roth IRAs as well as a defined contribution plan with a former employer. I understand I must withdraw my RMD before withdrawing an amount for anything else (e.g., Roth conversion) from both my traditional IRA and my defined contribution plan. But is that requirement limited to withdrawals within each type of plan (IRA and defined contribution)?
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This Week's Q&A Mailbag: Roth IRA Contributions and Distributions

Friday, March 09, 2018
This week's Q&A Mailbag answers reader questions on Roth IRA contributions and distributions.
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The Rules and Strategies When You Inherit an IRA From Your Spouse: This Week’s Q&A

Thursday, November 02, 2017
This week's Slott Report Mailbag looks into RMDs and spousal IRA beneficiaries.
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Options for a Spouse Beneficiary – Remain a Beneficiary or Retitle to Your Own Account?

Wednesday, September 13, 2017
Warning! The options described here are for spouse beneficiaries named on the beneficiary forms of IRA accounts. Non-spouse beneficiaries and spouses who inherit through an estate have a different sets of rules.
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Don’t Inherit a Mess When Your Spouse Passes Away: This Week’s Q&A

Thursday, August 03, 2017
This week's Slott Report Mailbag looks into inherited IRAs, spousal rollovers, and 401(k)'s.
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The 99% Rule for Spousal Beneficiaries of Retirement Accounts

Monday, May 22, 2017
It sounds funny to say, but death is a part of life for all of us. It’s one of the few things that all of us have in common at some point, and it’s one of the few issues that must be addressed in every plan. While every situation is unique and we all have our own goals and objectives, the overwhelming majority of married couples with IRAs and other similar accounts, such as 401(k)s and 403(b)s, name their spouse as their primary beneficiary as part of their estate plans. As such, knowing the rules for when a spouse inherits an IRA is critical for just about every married couple.
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