Spousal Benefits
Husband passes away at 55 with a 401(k) valued at $ 500,000.00. His wife age 50 will need these assets for support & living expenses. Does she still have the option of rolling these assets into an Inherited IRA for the next 10 years & then roll said assets into she own IRA under the new SECURE ACT?
Permalink Submitted by Alan - IRA critic on Sun, 2020-02-02 22:38
Yes, she can do exactly that. Regardless of husband passing either pre Secure Act or after her options are the same. She can maintain an inherited IRA as long as she wants but still do the spousal rollover any time. She should plan to do the spousal rollover after 59.5 and would not have any beneficiary RMDs until husband would have reached 72.