Understanding Updated Spouse Beneficiary Options
If you or your spouse could inherit an IRA, it’s important to understand the rules that determine your available options. Under SECURE 2.0, the choices for surviving spouses can vary depending on when the original account holder passed away. Selecting the right path can make a meaningful difference in future tax outcomes.
This resource highlights if an IRA owner dies:
• Before the Required Beginning Date (RBD): You can choose a spousal rollover, keep the inherited IRA, or go with the 10-year rule.
• On or After the RBD: You can still do a spousal rollover or keep the inherited IRA. However, once you do a rollover, it’s irreversible!
If you’d like to review which option aligns best with your family’s retirement and estate plans, contact our office at 516-294-5287 to schedule a time to discuss.