|
#1
11-30-2007, 01:03 PM
| |||
| |||
 Re: IRA Beneficiary On Fri, 30 Nov 2007 07:06:27 -0600, joetaxpayer <joetaxpayer[at]nospam.com> wrote: - quote - > > I'm going to check later today, but meanwhile does anyone know if the
Thanks for the response. I asked (and just confirmed that you were,> > IRC permits a qualified charity to be primary beneficiary of an IRA? > As I understand it, if they are the 100% primary beneficiary, there is > no issue. It's when they are 50/50 with a regular person that the > person's stretch option may be affected. That aside, the answer is > 'yes'. Also, leaving the IRA to a trust can turn into a mess, too many > opportunities for things to go wrong. as usual, correct) because a major 401k in my area just told a client they could not name charities as beneficiary. My guess is that this is like some other things in that the IRC allows charitable beneficiaries, but does not mandate that plans recognize them. The solution will be to roll to an IRA who does allow charitable beneficiaries, which will be done today <grin> . -HW "Skip" Weldon Columbia, SC |
|
11-30-2007, 12:06 PM
| |||
| |||
| Re: IRA Beneficiary HW "Skip" Weldon wrote: - quote - > I'm going to check later today, but meanwhile does anyone know if the
As I understand it, if they are the 100% primary beneficiary, there is> IRC permits a qualified charity to be primary beneficiary of an IRA? > -HW "Skip" Weldon > Columbia, SC no issue. It's when they are 50/50 with a regular person that the person's stretch option may be affected. That aside, the answer is 'yes'. Also, leaving the IRA to a trust can turn into a mess, too many opportunities for things to go wrong. JOE |
|
#-1
11-30-2007, 09:26 AM
| |||
| |||
| IRA Beneficiary I'm going to check later today, but meanwhile does anyone know if the IRC permits a qualified charity to be primary beneficiary of an IRA? -HW "Skip" Weldon Columbia, SC |
| Tags |
| beneficiary, ira |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Beneficiary IRA CFox759: I recently inherited several Beneficiary IRA's from my mom, who passed away several months ago. My brother and I went to the different banks that... | Taxes | 5 | 08-13-2006 10:17 AM | |
| IRA beneficiary of a beneficiary johnny dough: This is a second posting. The first did not appear (at least, in my feed) I apologize if I have made a mistake. I am the sole beneficiary of an... | Financial Planning | 6 | 02-06-2004 05:14 PM | |
| Beneficiary IRA John: I recently inherited an IRA from my father. According to IRS regulations, I need to take distributions from this money. There is no penelty in... | Microsoft Money | 1 | 01-23-2004 02:38 PM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
