Assess the impact of the death on pensions or other retirement benefits


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Most employer-based and personal retirement plans such as IRAs make provisions for benefits to spouses both before and after the death of the covered worker.

How these provisions apply to a surviving spouse or other beneficiary will vary from plan to plan. It is important to determine exactly what future benefits are available to the survivor.

The following resources may assist you in assessing the impact of the death on pensions or other retirement benefits:

How to Handle Inherited IRAs

IRS Rules for Inherited IRAs

Avoiding Possible Pitfalls of Inherited IRAs

Five Rules for Inherited IRAs and 401(k)s

Tax Issues When You Inherit a 401(k) Plan

401(k) Inheritance for Non-spouses


Death of a Life Partner Tasks

1. Taking stock of your financial situation
2. Identifying your sources of income
3. Revising your spending plan
4. Revising your estate plan and advance directives
5. Examining Medicare, Medicaid, and long-term care issues

Identifying your sources of income Subtasks

1. Assess the impact of the death on pensions or other retirement benefits
2. Clarify Social Security and Veteran’s benefits

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