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Financial Planning / Foolish 401(k)s


Subject:  Re: Any Help Appreciated Date:  7/9/2007  3:34 PM
Author:  aj485 Number:  22112 of 26155

but does the surviving spouse get the ENTIRE amount of the plan?

The surviving spouse does inherit the entire amount of the plan. However, because it's a pre-tax account, the spouse will have to pay taxes on the money as it's withdrawn.

The surviving spouse, and any non-spouse named beneficiaries would be able to roll over an inherited 401(k) or other qualified retirement plan to an inherited IRA and would have the opportunity to take the distributions out over the course of their lifeime. But they will still have to pay taxes on it.

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