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Financial Planning / Tax Strategies


Subject:  Re: beneficiaries Date:  2/3/2010  12:36 PM
Author:  JAFO31 Number:  108882 of 131379


<<<...No one pays income tax at the time they inherit an IRA, only when distributions are taken. Surviving spouses have some additional flexibility in choosing the timing of distributions...>>>

"Thanks for the correction.

So, back to the OP's question of whether it makes a difference for income tax purposes whether spouse or children inherit IRA's, the answer is: not much."

It is, IMO, more than "not much difference"

The Schwab Inherited IRA Beneficiary Guide is a good discussion, but I could no longer find it online. It needs to be ordered from Schwab (should be no obligation).

The link I had previously saved no longer works. I have a .pdf copy, but cannot attach my copy.

Regards, JAFO
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