No. of Recommendations: 1
Each IRA must have named beneficiaries. The broker or
Custodian of your IRA has a form you must fill in and designate each (if more than one), with a percentage
indicated for each beneficiary. You can change beneficiaries any time by filling a new form and depositing it with the broker. These documents are
legally binding on the Custodian and bypass any Will
you may have setup. On the issue of life expectancy,
visit Managing Your Finances/Tax Strategies message
board. One excellent posting that addresses some of
these issues is "Bobbcat" #24225 and I'm sure there
are many more. Be sure check the FAQ index on this board for some super foolish help! - - Matthew
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