What is the name of your state?What is the name of your state? - MA
I am trying to figure out if /how 401K's, IRA's and Profit Sharing plans get taxed after death. Is the money treated differently due to the pre-tax nature of the funds? I am talking about passing about $300K from one spouse to another, where the receiving spouse is the primary (sole) beneficiary on all accounts.
Thoughts?
Thanks,
S
I am trying to figure out if /how 401K's, IRA's and Profit Sharing plans get taxed after death. Is the money treated differently due to the pre-tax nature of the funds? I am talking about passing about $300K from one spouse to another, where the receiving spouse is the primary (sole) beneficiary on all accounts.
Thoughts?
Thanks,
S