Life-Expectancy Rule
Definition A rule under which beneficiaries with inherited retirement accounts (inherited IRAs and employer sponsored retirement plans), must take their required minimum distributions over the
Beneficiary planning
Strategies for required minimum distributions, rollovers, and transfers for beneficiaries of IRAs and employer-sponsored retirement plans.
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Estate Beneficiary of IRA: IRS Allows Transfers to Inherited IRAs for Beneficiaries of Estate
“ In private letter ruling (PLR) 201208039, the estate of the deceased IRA owner was the named beneficiary of the IRA. However, the IRS ruled
IRS Allows Spousal Rollover: Trust Beneficiary
“ The IRS has issued the applicable federal rate (AFR) for October. Among other things, these rates are uses to calculate substantially equal period payments
How spouse beneficiaries elect to treat inherited IRA assets as their ‘own’.
The treat-as-own option , which applies only to a spouse who is the sole primary beneficiary, allows for the transfer of the inherited IRA balance to the
October 31- Deadline for Trust Beneficiary
Generally, if a trust is the beneficiary of a retirement account, the retirement account is treated as not having a designated beneficiary. When a retirement
Spousal Consent
Definition The (usually) written consent provided by the spouse of a retirement account owner, for the retirement account owner to take certain actions with his
Default beneficiary
Definition A party who is treated as the beneficiary of a retirement account under the default provisions of the retirement plan document. A beneficiary is
De Facto Beneficiary
Definition A party who is treated as the beneficiary of a retirement account under the default provisions of the retirement account plan document. A de facto