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Financial Planning / Tax Strategies


Subject:  Re: IRA stretch Date:  1/1/2000  5:19 PM
Author:  Bobbcat Number:  24220 of 127543

By use of the term "IRA Stretch" I am going to assume you want them to be able to take distributions over their life expectancies upon the eventual demise of both you and your spouse.

If you want the youngest child to get the benefit of his own life expectancy, you'll have to split your IRA into 5 IRAs.

Otherwise the distributions must come out over the life expectancy of the oldest beneficiary.

Distributions must begin by 12/31 of the year following death. If not, the entire IRA must be distributed within 5 years after death.

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