THE recent death of 22-year-old Robert Ovington at his home Riverview Close, Tullow Road, Carlow came as an enormous shock to his family, neighbours and friends.
I inherited a 401(k) but didn’t know it. What’s next?
Today 9:30 PM
Q. My husband passed away in 2018, I inherited his 401(k) plan but I had no idea it existed until my son went through some paperwork. I had it put into my name and I would like to cash it out this year. What do I need to know? Widow
When a surviving spouse inherits an IRA or 401(k) plan from their deceased spouse, they can make the account their own and then treat it as if it was always theirs, said Bernie Kiely, a certified financial planner and certified public accountant with Kiely Capital Management in Morristown.
I inherited a 401(k) but didn’t know it. What’s next?
Updated May 10, 2021;
Q. My husband passed away in 2018, I inherited his 401(k) plan but I had no idea it existed until my son went through some paperwork. I had it put into my name and I would like to cash it out this year. What do I need to know? Widow
When a surviving spouse inherits an IRA or 401(k) plan from their deceased spouse, they can make the account their own and then treat it as if it was always theirs, said Bernie Kiely, a certified financial planner and certified public accountant with Kiely Capital Management in Morristown.