Question

robert, age 70, and his wife, diane, age 64, have been married 42 years. they have two sons and five grandchildren. if robert dies having named diane as his beneficiary, what is diane's best option for his ira if she wants to delay distributions as long as possible?

Answer 1

Diane's nice choice for his Ira is Roll over his IRA to her IRA and take distributions starting at her age 70½.

The required details for An individual retirement account (IRA) in given paragraph

An man or woman retirement account (IRA) is a long-time period financial savings account that people with earned earnings can use to store for the destiny and experience sure tax advantages. The IRA is designed typically for self-hired individuals who do now no longer have get admission to to place of business retirement debts consisting of a 401(k), that's to be had most effective thru employers. You can open an IRA thru a bank, an funding company, an internet brokerage, or a private broker. Anyone with earned earnings can open and make a contribution to an IRA, inclusive of the ones who've a 401(k) account thru an employer.

The most effective issue is on the whole that you may make a contribution for your retirement debts in a unmarried year.

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