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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Pub 590 Beneficiary Question Date: 6/13/2013 11:32 PM
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I have named my son "John", an individual, as my IRAs' beneficiary.

What rule determines if John may be required to take the entire account by the end of the fifth year following the year of my death (as opposed to using Appendix C, Table I Single Life Expectancy)?


None, unless John elects to use the 5 year rule. Such an election is usually based on failing to take earlier required distributions.

The conditions requiring an individual to use the 5 year rule are arcane (at best) and don't apply to John.

In no case are the rules based on custodian rules.

Phil
Rule Your Retirement Home Fool
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