4 Ways to Manage a Beneficiary IRA

Inheriting an IRA is bittersweet. In the midst of grief, you suddenly have to bear the weight of new financial responsibility. It's important to have a firm grasp over how these accounts work as well as what you have to do to manage your inheritance as a beneficiary IRA owner. 

Spouses of a deceased IRA holder have the simple option of rolling the inherited IRA into an IRA in their own name. However, non-spouse beneficiaries have to deal with a more limited set of choices.

Below, you'll find four key ways to manage and allocate an inherited IRA. 

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Source Fool.com