Therefore, most beneficiaries of an IRA are no longer permitted tostretchtherequired minimum distributions (RMDs) over the beneficiary’s life expectancy. The Stretch IRA was an estate planning strategy used when an account owner passed away in December 2019 or prior. It was once practical to lea...
ManyIRA custodiansare unwilling to accept beneficiary designations of “as per my will.” In many cases, the reluctance is because a will addresses the treatment of assets that are part of an individual’s estate, and a retirement account is not considered to be part of an estate. While “...