Skip to main content

What Happens When You Inherit an IRA from Your Spouse?

What Happens When You Inherit an IRA from Your Spouse?

Dealing with the loss of a spouse is never an easy experience. Yet, aside from the emotional trauma, you'll also have to deal with the property left by your loved one. It is not uncommon for a spouse to pass away while having a retirement account, such as an IRA. This type of account can be inherited by the surviving spouse. Learn about the special rules involved when you stand to inherit the proceeds of an IRA.