SECURE Act
Does the 10 year distribution apply solely when a trust is the designated beneficiary or does it also apply to an individual beneficiary?
Does the 10 year distribution apply solely when a trust is the designated beneficiary or does it also apply to an individual beneficiary?
Permalink Submitted by Alan - IRA critic on Mon, 2020-02-10 21:18
It also applies to individual beneficiaries who do not qualify as “eligible beneficiaries” for the life expectancy stretch. If there are multiple individual beneficiaries, some of whom are “eligible” and others who are not, the separate inherited account rules can be used to preserve the stretch for the eligible beneficiaries. The others will be subject to the 10 year rule.