What happens to the spouse of a Roth IRA Owner who dies?

A surviving spouse succeeding to the interest of the owner of a Roth IRA may designate the account or annuity as a Roth IRA of his or her own. An electing spouse is, from the date of the election, treated as owner of the IRA. For example, an electing spouse is treated as owner, not beneficiary of the account, for purposes of applying the distribution rules, including the penalty tax imposed by Internal Revenue Code Section 72(t).

Please contact one of our Roth IRA Experts at 800-472-0646 for more information.

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