May 23, 2018

Yesterday on Mastering Money, we reviewed what are known as non-spouse inherited IRAs. We learned that the rules for IRAs left to a brother, sister, niece, nephew, or other non-spouse have very specific rules that must be followed to a “T” by the beneficiary. Today, we'll review the many choices that a surviving spouse has when inheriting an IRA, including whether or not to take over the IRA herself or to remain a beneficiary, and three key strategies for making sure your  surviving spouse is well taken care of, even without buying any life insurance. You've got questions, we've got answers--MASTERING MONEY IS ON THE AIR!