Beneficiary planning
Strategies for required minimum distributions, rollovers, and transfers for beneficiaries of IRAs and employer-sponsored retirement plans.
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Spouse IRA Beneficiaries: Handling New Restrictions for Inherited IRAs
Denise Appleby, APA, AKA, CISP, CRC, CRPS, CRSP Spouse beneficiaries of IRAs have always enjoyed exclusive benefits. While this is still the case, the proposed
Advisors Guide: IRS Waives the 50% Excise Tax for 2021 and 2022 RMDs for Some Beneficiaries
By Denise Appleby The IRS acknowledges confusing messaging for the new 10-year rule for beneficiaries and waives the 50% excise tax for 2021-22 RMD shortfalls
The Top 5 IRA Reminders for Year-End 2022
By Denise Appleby Missing the year-end deadline for some IRA transactions could mean missing out on tax saving opportunities or being subject to excise taxes.
New IRS View on 10-Year Rule Means Some IRA Beneficiaries Must Pivot
By Denise Appleby The IRS issued proposed RMD regulations in February that contradict the widespread industry interpretation of the 10-year rule. This means certain misinformed
Designated Beneficiary
Definition A designated beneficiary is an individual (person) beneficiary whose is designated as beneficiary of a qualified plan account, 403(b) account, 457(b) plan or IRA,
How to Avoid The $10,000 Mistake Caused by Naming a Trust as The Beneficiary of a Roth IRA When Doing So Was Unwarranted
How to Avoid The $10000 Mistake Caused by Naming a Trust as The Beneficiary of a Roth IRA When Doing So Was Unwarranted PLR 202136004
2021 Is The Last Opportunity To Override 5-Year Rule and Stretch Distributions for 401(k)s Inherited in 2019
Denise Appleby explains why 2021 Is The Last Opportunity To Override 5-Year Rule and Stretch Distributions for 401(k)s Inherited in 2019. Designated beneficiaries who inherit
What is the 10-Year Rule for beneficiaries?
Definition The beneficiary 10-year rule is the maximum period that certain beneficiaries may keep inherited retirement accounts in a beneficiary account. Watch/listen to a video
Must I use the 5-year rule for my inherited IRA? I inherited it from my 72 year old uncle.
You are subject to the rules that apply when someone dies before the RBD. The RBD is April 1 of the year following the year
