For many people, saving for retirement is a chief and ongoing concern. In addition to a 401k, a Roth IRA is among the most common and beneficial financial vehicles used to save for retirement. A Roth IRA provides not only tax-savings benefits, but there are also no mandatory withdrawals which means that an individual can continue to contribute to and reap the benefits associated with estate tax savings and compounding interest.
In cases where an individual dies and contributed to and allowed assets held in a Roth IRA to grow for several years, the beneficiary named on the account is likely to inherit a considerable amount of assets. Unfortunately, while a spouse who inherits a Roth IRA is allowed to "roll the inherited IRA into their own," this benefit doesn't extend to an account holder's children.