InvestmentNews: An Important Consideration for Spouses Inheriting an IRA

December 1, 2014

A version of this article was posted on InvestmentNews.com on November 29, 2014

By Robert Cirrotti, Head of Retirement Solutions, Pershing LLC, a BNY Mellon company

Robert Cirrotti, Director for Pershing Retirement Solutions, comments on the Supreme Court's unanimous ruling eliminating bankruptcy protection for inherited Individual Retirement Accounts (IRAs).

The two-page article explores:

  • Why inherited IRAs are not retirement accounts
  • Important ramifications for spouses
  • Rollovers vs. using trusts
  • Why informed guidance is key

An Important Consideration for Spouses Inheriting an IRA [PDF]