Quote:
Originally Posted by aljetmet
I'm don't think if say a 401K passes to children that they would have immediate tax consequnces. It would pass on as a rollover and they pay tax on what they take out. I went over this with Fidelity and that is my understanding.
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You maybe confused about the rules of a Roth IRA verses a regular IRA . . . a Roth IRA that is passed does not have immediate tax consequences but a regular IRA does.