Spouse IRA Beneficiaries: Handling New Restrictions for Inherited IRAs
Denise Appleby, APA, AKA, CISP, CRC, CRPS, CRSP Spouse beneficiaries of IRAs have always enjoyed exclusive benefits. While this is still the case, the proposed
Spouse Beneficiary
The surviving spouse who inherits an IRA or other retirement account from the decedent
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Life-Expectancy Rule
Definition A rule under which beneficiaries with inherited retirement accounts (inherited IRAs and employer sponsored retirement plans), must take their required minimum distributions over the
How spouse beneficiaries elect to treat inherited IRA assets as their ‘own’.
The treat-as-own option , which applies only to a spouse who is the sole primary beneficiary, allows for the transfer of the inherited IRA balance to the
Spousal Consent
Definition The (usually) written consent provided by the spouse of a retirement account owner, for the retirement account owner to take certain actions with his
Default beneficiary
Definition A party who is treated as the beneficiary of a retirement account under the default provisions of the retirement plan document. A beneficiary is
De Facto Beneficiary
Definition A party who is treated as the beneficiary of a retirement account under the default provisions of the retirement account plan document. A de facto
