Can Simple IRA for decedent be rolled to IRA?

Answer 1

If you inherit a 401(k) plan, many companies often cash you out shortly after you inherit the plan, which makes the entire amount taxable. However, the Pension Protection Act, passed in 2006, allows all beneficiaries to move money to an IRA. Nevertheless, you're limited as to how the movement takes place if you're not the spouse of the decedent.