> How do I claim a dead spouses 401k?

How do I claim a dead spouses 401k?

Posted at: 2015-07-28 
No doubt's,if your spouse die federal laws make you beneficiary.If the plan allows it, you can simply turn the account into a beneficiary 401(k) and keep it open. You shall have to withdraw the cash eventually, but not until the year your spouse would have turned 70 1/2, the age when mandatory minimum withdrawals begin. Between now and then, you can simply let the money sit in the account earning interest tax-free. That gives you a larger retirement fund when your own retirement rolls around.

Most 401k plans require participants to designate a beneficiary - usually the spouse. Contact the 401k plan administrator at the employer for procedures in inheriting the account.

contact 401k plan for info

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