Spouses are usually the primary beneficiary on retirement accounts but eventually retirement accounts are left to a non-spouse. Non-spouses have a different set of options to choose from.

Q.: What options will my children have when they inherit retirement accounts from mom and dad?

A.: The options vary based on the type of account.

If they are named directly as beneficiaries of IRAs or Roth IRAs, to avoid penalties, they should exercise one of three basic options.

1.Take a lump sum distributi…
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