Series 7 - General Securities Representative Exam
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When a spouse dies and a Traditional IRA is inherited by the surviving spouse, which of the following are TRUE?
The surviving spouse can roll the inherited assets into his or her own IRA, The surviving spouse can tranfer the assets to an Inherited IRA, The surviving spouse can use Stretch IRA strategies
A
The surviving spouse can roll the inherited assets into his or her own IRA, The surviving spouse can tranfer the assets to an Inherited IRA, The surviving spouse can take lump sum distributions from the IRA, The surviving spouse can use Stretch IRA strategies
B
The surviving spouse can tranfer the assets to an Inherited IRA, The surviving spouse can use Stretch IRA strategies
C
The surviving spouse can tranfer the assets to an Inherited IRA, The surviving spouse can take lump sum distributions from the IRA, The surviving spouse can use Stretch IRA strategies
D
Explanations
All of the answers are options for the surviving spouse in this scenario