In a basic example concerning retirement accounts, if a child's residuary trust is the designated beneficiary of a decedent's retirement plan, the child has the right to stretch the minimum required distributions
from the IRA over his or her life expectancy.
Alternatively, a discretionary or "accumulation" trust also provides asset protection while also allowing the trustee discretion in making minimum required distributions
Not only must longevity be taken into consideration, but both minimum required distributions
(MRDs) and unrequired distributions (monies needed to sustain your lifestyle) are important factors.
By taking more than the minimum required distributions
from an IRA, the beneficiary will be wasting the years of tax-free compounding that the IRA would generate.
Minimum required distributions
("MRDs") are not required for any retirement accounts for 2009 pursuant to a newly enacted law.
This exclusion is available for taxable Roth IRA distributions as well as minimum required distributions
from a traditional IRA through 2007.
The forecast incorporates such factors as cash flows, minimum required distributions
The default rule for withdrawal from these plans by non-spouse beneficiaries is to begin minimum required distributions
It also proposes several new reforms, including provisions dealing with minimum required distributions
, retiree health and incentives for retirees to take annuities.
Under the new rules, starting with the 2005 tax year, an individual over age 70 1/2 can exclude minimum required distributions
from the amount of income used to determine whether a taxpayer meets the $100,000 adjusted gross income eligibility limit for Roth Conversion IRAs.
The portfolio includes two equity-indexed annuities, a fixed annuity designed to accept rollovers, a fixed annuity to manage minimum required distributions
, and a simplified-issue one-year renewable term life insurance policy.
Some of the most perplexing questions asked these days relate to the selection of beneficiary and alternate beneficiary of one's IRA's and determining the minimum required distributions