TITLE

WHEN TO USE A SPOUSAL BENEFICIARY IRA

AUTHOR(S)
Putman, James E.
PUB. DATE
July 1993
SOURCE
Journal of Financial Planning;Jul93, Vol. 6 Issue 3, p122
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
A decedent's retirement-plan account is often the largest asset in the estate. When qualified retirement-plan assets of a decedent are payable to a spousal beneficiary, the surviving spouse can roll over the retirement-plan distribution to an individual retirement account (IRA) and may elect to treat the IRA as his or her own. Conversely, the surviving spouse could opt to be treated as a beneficiary. For a younger surviving spouse, being a beneficiary of an IRA account may be more advantageous than owning the account itself. This article will discuss when being an IRA beneficiary is the best alternative.
ACCESSION #
5554173

 

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