IRA and 401(k) Designated Beneficiary Options
Each year, IRA and 401(k)s are subject to required minimum distributions (RMDs). Because the distributions start at just under 4% at age 71 and then slowly
increase, many IRA and 401(k) plans will continue to grow. While the distributions will eventually become larger, most individuals will eventually pass away
with an IRA or 401(k) balance reasonably close to the value of their plan at age 70.
For this reason, the eventual distribution options for an IRA or 401(k) are quite important. For you and many other...MORE