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Chronically Ill are eligible designated IRA Beneficiaries

Answered by: 

Question: 
What does it mean to be chronically ill for an IRA beneficiary?
Answer: 

If your customer meets the definition of chronically ill, then he or she can take the IRA that was inherited over his or her life expectancy. This includes disability as well.

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IRA Year End Wrap-Up

First published on 11/01/2020

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