Non-spouse beneficiaries of a decedent’s retirement plan can roll over distributions tax-free into their own, specially created “inherited IRA” under a continued tax law change. Moving a lump sum into an inherited IRA permits distributions over the lifetime or life expectancy of that non-spouse beneficiary. This could be advantageous, especially for a young person. The beneficiary could build up a considerable balance in the IRA if the fund is invested so that it will earn more than the required minimum distribution each year while the account continues to grow over the years. Note that the law applies only to distributions made after December 31, 2006.