Beneficiary planning
Strategies for required minimum distributions, rollovers, and transfers for beneficiaries of IRAs and employer-sponsored retirement plans.
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Death benefit exclusion
Definition Death benefits that can be excluded from income. The beneficiary of a deceased employee (or former employee), who died before August 21, 1996, may
Death benefit
Definition Benefits received by the beneficiary of a deceased: participant, insurance policy owner, annuity owner nonqualified deferred compensation plan participant etc upon the participant’s/owner’s death
Date of Acquisition
Definition As it relates to a first time home buyer, is the date on which a binding contract to acquire the principal residence, or the
What is a contingent beneficiary? Find out here!
Definition The party that the retirement account owner has identified on the beneficiary form that will inherit the retirement assets remaining in the retirement account
What is a beneficiary IRA?
Definition Also referred to as ‘Inherited IRA’. An IRA that is established for the non-spouse beneficiary of the IRA owner, or qualified plan , 403(b)
