Posted on: 09th Jan, 2012 02:04 am
One of my uncles died and left his 401 b to 4 of his relatives. I need to know whether or not this money have to go in a retirement account of the people that receive it?
Hi Coral,
As far as I know, you may have to roll it into an inherited IRA and then take mandatory required distributions over a period of years based on your age.
Thanks,
Jerry
As far as I know, you may have to roll it into an inherited IRA and then take mandatory required distributions over a period of years based on your age.
Thanks,
Jerry