New IRS PLR Resolves Yet Another Failure to Designate a Beneficiary for a Retirement Account
By Denise Appleby, JM, CISP, CRC, CRPS, CRSP, APA Beneficiaries could be saddled with the high cost of account owners’ failure to name beneficiaries for
Beneficiary planning
Strategies for required minimum distributions, rollovers, and transfers for beneficiaries of IRAs and employer-sponsored retirement plans.
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Key Rules for Non-Spouse Beneficiaries
By: Denise Appleby,CISP, CRC, CRPS, CRSP, APA. Written for the financial professional Clients who inherit assets held in a tax deferred retirement account, such as
Spousal Protection for Retirement Assets
By Denise Appleby,CISP, CRC, CRPS, CRSP, APA. One of the ‘for better’ perks of the ‘til death do us part’ promise made by married couples
IRS PLR 201633025 – Trust is qualified beneficiary despite charity as a successor beneficiary
Charity is Exception to ‘Contingent Right’, making Trust a ‘Qualified Beneficiary’| PLR 201633025 (click above to read article)
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
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
