In This Chapter

If you’ve recently inherited a retirement account, you probably have mixed feelings about your windfall amid the grief of loss. But realize that the person who named you as beneficiary probably thought quite carefully about his choice, so it’s just as important for you to think carefully about what to do with the account now that it’s been passed to you.

Fortunately, the IRS understands it can take time to decide with a clear mind what you want to do with your money. You only need to attend to a few things in relatively short order; then you have some time to collect the information you need in order to decide what to do with your inheritance.