u/GlumOffice652

Hi guys, sadly my grandfather recently passed away. My wife, daughter, and myself were beneficiaries of his 401k workplace savings account.

My amount was around 30-35kish. My wife’s and daughters were around 15-17k.

Due to his companies policy we have 4 years to move the account into an inherited Roth or do a full payout.

Ideally we would like to just reinvest. It would be cool to put some in my pocket. But my biggest worry is the tax bracket this could put me in. My wife and myself both bring around 50k her being maybe 55k. This is our first year married and have never been married so not sure how it works filing together.

I know I’m asking a lot with some pretty vague information. But if anyone would have the time to spare some advice that may help my family I would be forever grateful.

Bonus info my child is 1. Would you worry about sending in the information to have access to control her funds or would you leave it alone and let her do that at 18.

Thanks in advance.