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I Inherited a Family Members Retirement Assets. What Are My Options in Managing This Money?

April 26, 2017assets family inherited managing money Options retirement

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I Inherited a Family Members Retirement Assets. What Are My Options in Managing This Money?

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Your options in managing assets inherited from a deceased family member’s qualified retirement plan may depend on the type of retirement plan in question (401[k]/403[b] plan, IRA, or annuity) and your relationship to the deceased. In the case of employer-sponsored plans and IRAs, there are different rules for spouses versus nonspousal beneficiaries.