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Must have for financial and tax professionals:IRA...

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Calculators, forums, articles and more on 72(t) and 72(q) /SEPP Plans. Includes RMD Calculators...

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  • I would like to take 72(t) payments from my 401(k) plan, but I have received conflicting information as to whether this can be done from a retirement account that is not an IRA.  What is the right answer?

     

  • An individual inherited an IRA from her father, and had been taking distributions over her single life expectancy. She named her son as the beneficiary of her inherited IRA. She (the original beneficiary) subsequently died, and  her son now has to take distributions from the IRA which he has inherited. Should he take distributions over his life expectancy or over his mother’s life expectancy?

    Also, how should the son’s inherited IRA be titled/registered? That is, whose name should  be included , the original owner's or his mother's?