One additional thing that you need to be aware of is that if the distribution is paid to you, you are not permitted to subsequently roll that money over into an inherited IRA. To move the funds to an inherited IRA, the funds must be paid directly to the inherited IRA as a direct rollover. The plan is required to offer this option for any funds that are eligible to be moved to an inherited IRA.
Unless you waive the requirement, prior to making any distribution the plan is required by law to provide you with an explanation of all of the distribution and rollover options available to you.
