Sunday, December 23, 2012

Non-Spouse Beneficiary for an IRA / 401K - The Hull Truth - Boating ...

He can take it all out at once if he wants, but if you run the numbers he will most likely be better off taking it out over his life expectency. He can also name additional beneficiaries in the event he dies before depleting it, but they would have to continue taking RMD's based on his life expectancy. There is no second stretch.

If you are talking about taking the RMD and investing it into a Roth or TIRA, the usual limitations regarding whether he is an active participant in a qualified plan and income would apply. It would also be limited to the normal allowed contribution based on his age.

Source: http://www.thehulltruth.com/dockside-chat/473389-non-spouse-beneficiary-ira-401k.html

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