stretch IRA beneficiary rules, what are they.... ( read more )
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The Stretch IRA is a type of individual retirement account that allows account owners to pass on their savings to their beneficiaries beyond their own lifetime. The Stretch IRA is a popular estate planning tool that offers many tax benefits and can help ensure that heirs receive a steady stream of income for years to come. However, the rules surrounding Stretch IRA beneficiaries can be complicated and require careful planning to ensure that the account is handled properly. Here are some important things to keep in mind when naming Stretch IRA beneficiaries: 1. Eligibility for Stretch IRA Benefits To receive Stretch IRA benefits, a beneficiary must be named on the account. Generally, beneficiaries must be individuals, such as a spouse, children,
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