Business, 05.07.2020 01:01, estefaniapenalo

Your customer, age 68, who has an IRA account at your firm valued at $500,000, passes away. The customer leaves the account to his wife, age 55. She has no need for current income as she is still working, and wishes to know her best option to minimize taxes. She expects to retire at age 72, at which time, she will need the funds to pay for annual living expenses. You should advise the spouse to:

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Your customer, age 68, who has an IRA account at your firm valued at $500,000, passes away. The cust...