The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: RMD before death? Date:  10/14/2013  10:20 AM
Author:  inparadise Number:  119309 of 127613

While the rule does remain that a beneficiary must be a natural person, these provisions allow for a trust beneficiary to be treated as the beneficiary of the IRA. For multiple beneficiaries, you use the age of the oldest one. The separate share rule is not allowed.

Interesting. So for our kids, who are still quite young, we could set up a trust for them as our beneficiary to the IRAs and not worry about them dealing with large amounts of money overnight, while not losing the tax advantages that come with their being the direct beneficiary.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us