The episode is sponsored by Smart Vester.

You're listening to Ramsey Everyday Millionaires,

where we talk investing, retirement, building wealth,

and outrageous generosity.

Candace is up next. Candace is in Tulsa, Oklahoma.

Hey, Candace, how are you?

Hi, Dave. I'm doing great.

It's so such an honor to talk with you and George today.

Thank you so much.

You too. What's up?

So we recently were surprised with a call.

After my husband's uncle passed away earlier this year,

he had apparently put my husband down as a beneficiary.

On a 401k, he had at a job several years ago.

It wasn't a job he had when he passed.

So we inherited the 401k and had about $60,000 in it.

At the time that the check was cut to my husband.

So I don't, I've looked, you know, talked to a few people.

I know some of the rules, things as far as,

and then the inherited 401k has to distributions and all that.

I believe it's within the first 10 years, everything needs to get withdrawn.

Yeah.

...