RMDs are taxable. 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 d...
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...