Do you have an old policy that you have not looked at in a few years (possibly several years)?

“Family” is an expansive and complex term. From partners to children to aging parents and other relatives, there is no one route to successful family money management. It takes discipline and flexibility to navigate ever-changing financial needs.

If you inherit a 401(k) from your spouse, what you decide to do with it and the subsequent tax impacts may depend largely on your age and whether or not your spouse had started taking required minimum distributions (RMDs) before he or she died.