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Planning for the dementia factor in retirement A client cannot pre-elect an IRA rollover in the event she inherits an IRA from her deceased spouse and becomes incapable of executing the rollover because of dementia or any disability, according to this Q&A column from Morningstar. Under the IRS rules, the spousal election can only be executed after the death of IRA account holder. IRA investors who want to prepare for such a scenario may consider transforming their account into a Trusteed IRA or the spouse who is named beneficiary may name a guardian by executing a power of attorney in case dementia makes her legally incompetent to roll over the inherited IRA to her own account.  --Morningstar

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