A Guide to Surviving Spouse IRA Options

In order to explain how a traditional surviving spouse IRA operates, you must first understand how it would work for you during your lifetime. Funds that you have contributed to your traditional IRA investment account are untaxed earnings, and will be allowed to grow with investment income, which will then be taxed together as ordinary income upon withdrawal.

Unless you are disabled or withdraw the funds under some other statutory exemption, there will also be an additional 10% early …