RMD stands for required minimum distribution. The Internal Revenue Service requires that people start taking distributions from their tax-deferred IRAs in the year that they turn 70 1/2 years old. However, if you inherit an IRA, the time frame for receiving required minimum distributions is based...
IRA subdivided into trusts for each beneficiary satisfied RMD rules.(required minimum distribution)O'Driscoll, David
Naming a trust as a beneficiaryis advantageous if your beneficiaries are minors, have a disability, or cannot be trusted with a large sum of money. Some attorneys will recommend a special trust be established as theindividual retirement account (IRA)beneficiary to avoid its assets becoming part o...