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IRA Beneficiary pay out in 10 Years?

Answered by: 

Question: 
Under the SECURE Act, do all designated beneficiaries have to take out the inherited IRA by December 31st of the 10th year?
Answer: 

Yes, a designated beneficiary will have to distribute in 10 years. The eligible designated beneficiaries are different and can still take out the beneficiary funds over his or her life expectancy.

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Learn more about Deborah Crawford’s webinar

IRA Year End Wrap-Up

First published on 11/29/2020

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