Beyond IRAs: The Widow’s Penalty
While this book is focused on what to do when you inherit an IRA from a spouse, we would be remiss if we ignored the Widow’s Penalty.
From a strategic point of view, you will want to understand this IRS concept as it can have a material impact on your finances going forward. Because of its importance, we have gone into somewhat greater depth on this subject.
Bill Harris, RMA
Bear with me; it’s crucial.
The Widow’s Penalty: What It Is and How to Tame It
Remember Lisa? Let’s imagine Lisa’s situation two years after Peter’s death. Year one was
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