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*Cat writes:

<<Pixy wrote:
If the owner was taking MRDs at the date of death, then payout must occur by 12/31 of the year following the year of death.

I write:
ONLY if the MRD calculation was single life expectancy, recalc life. If the MRD calculation was DO NOT recalc life, then the IRA may be paid over what is left of the IRA owner's original life expectancy at age 70 1/2 as long as payments continue as least as fast as if the owner was still alive. (IF the IRA custodian so allows)

Naming an estate as beneficiary reduces the flexibility of the payments to the individuals who are the underlying beneficiaries of the estate. 99% of the time, it is better to name the specific individuals instead.>>

I'm sure if you go back and reread whatever you're quoting here, you will see my statement was made in the same context you are using in your assumed correction. I don't know for sure, though, as you haven't attribtued the quote to any of the many, many articles I've written on the topic.

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