How Do Spouse Inherited IRAs Work











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If your spouse passed away and they had a retirement account or an IRA, you will have to make a decision of whether to take a cash distribution, setup an Inherited IRA, or rollover the balance to your own IRA. It very important to understand all of your options otherwise you could face tax consequences and the 10% ealry withdrawal penalty on distributions. • Contact Michael Ruger with Questions: 518-477-6686 or [email protected] • Visit our website: https://www.greenbushfinancial.com/ • Subscribe to our channel for more financial planning tips:    / @greenbushfinancialgroup   • #ira #beneficiary #rmd #estateplanning #financialplanning #taxplanning #greenbushfinancial

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