Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0

<<<...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
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.