First of all, this doesn't go to the estate, it goes to the beneficiary on the acct, right (positive this is correct)? I guess you have to pay tax on it, correct? Does that just come off the top (say you get a check for 60% of IRA and 40% goes to the govt.) or do you get the whole amount and then claim as income on your tax return? I've also heard of converting it to a stretch IRA, but I have no clue what that is. Any opinions on this or what to do? Thanks.
