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#1
11-06-2003, 10:27 AM
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 Re: Multiple Beneficiaries Not true. My sibs and I ( four of us) inherited four IRAs (original one split in four with each of us as beneficiary). We all draw based on our own llife expectancies. FranksPlace2 wrote: - quote - > I understand there is a drawback if there are multiple primary > beneficiaries. The IRS will require all benes to have a withdrawal > rate based on the age of the oldest. In this case it is better to > have multiple IRAs, each with one bene. > Frank |
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11-05-2003, 05:24 PM
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| Re: Multiple Beneficiaries - quote - > From: franksplace2[at]email.com (FranksPlace2)
No longer true. Each named primary beneficiary can withdraw based on their own> Date: 11/5/03 6:59 AM Pacific Standard Time > Message-id: <d6bbed5b.0311050605.1b206da[at]posting.google.com > I understand there is a drawback if there are multiple primary > beneficiaries. The IRS will require all benes to have a withdrawal > rate based on the age of the oldest. life expectancy. - quote - > In this case it is better to > have multiple IRAs, each with one bene. Not true! See above. |
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#-1
11-05-2003, 01:59 PM
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| Multiple Beneficiaries I understand there is a drawback if there are multiple primary beneficiaries. The IRS will require all benes to have a withdrawal rate based on the age of the oldest. In this case it is better to have multiple IRAs, each with one bene. Frank |
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| beneficiaries, multiple |
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