Skip to content

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.

-----------------------------

Learn more about Deborah Crawford’s webinar

IRA Year End Wrap-Up

First published on 11/29/2020

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics