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Man, you got screwed! You got my curiosity going, so I just looked this up.
Do my beneficiaries have to pay taxes on my 401k?
Yes, the distributions you take from a traditional 401(k) you inherit are generally taxable as ordinary income. This is because the funds in a traditional 401(k) grow...
You'll be lucky to get a few bucks for them at a yard sale. See if your local library will take them as a donation & see if they can give you a slip that you can use as a tax write off..
My kids aren’t into cars at all. I figure that when I’m in my mid-late 70s, I’ll start selling them off, give the money to the kids, and keep just one or two. What’ll happen from there has yet to be determined.