Archive for June 16th, 2007

There are typically two types of beneficiaries for an Independent Retirement Account (IRA). A beneficiary can be either a spouse or non-spouse, and each group has different options and benefits to receiving money from an inherited IRA.

INHERIT INDEPENDENT RETIREMENT ACCOUNT FROM SPOUSE

If you inherit an IRA from a spouse, you have the option of taking the IRA as your own and also making further contributions to the account. If you choose to take the IRA as your own, (more…)