There are no negative consequences. You can changebeneficiaries as often as you want. The benefit is thatthat you can elect to average life expectancies, toprolong the period of mandatory withdrawls by a beneficiary. If the IRA is large you might want tosplit the IRA into individual accounts for each child.If you are with a broker that does not charge annualfees for IRA accounts eg.TDWaterhouse, this will benefit younger children as the joint life expectancycalculation will extend their withdrawl period.
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