What Advisers Should Know About RMD Rule Changes planadviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from planadviser.com Daily Mail and Mail on Sunday newspapers.
Can inherited IRA withdrawals change with disability?
Updated Mar 08, 2021;
Q. Suppose the sole beneficiary of an IRA on the date of inheritance is categorized as a “non-eligible beneficiary” for the stretch provision, yet becomes disabled or chronically ill during the ten-year payout period. Do they then become eligible for the stretch payout of undistributed funds? Curious
A. Yours is a great question.
The SECURE Act Setting Every Community Up for Retirement Enhancement of 2019 changed the way inherited IRA accounts are treated.
The change requires most non-spouse beneficiaries to withdraw all the funds in the inherited IRA over a 10-year period, said Bernie Kiely, a certified financial planner and certified public accountant with Kiely Capital Management in Morristown.
Can inherited IRA withdrawals change with disability? nj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nj.com Daily Mail and Mail on Sunday newspapers.
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Plan Sponsor Roundtable: DC Plan Investment Menus
Plan sponsors discussed the investment options they chose for their plans and how they determined which were best.
Reported by
Out of 17 core investment options in Taylor Guitar’s 401(k) plan, nine of them are actively managed, Bryan L. Bear, vice president of finance at Taylor Guitars, told attendees of PLANSPONSOR’s 2021 “What’s on the Minds of Plan Sponsors” virtual conference.
Bear says his company chose to offer actively managed funds along with passive funds for actively managed funds’ ability to provide high returns during turbulent markets. “For active managers, they have the ability to navigate through those volatile markets that we may experience, while still providing solid returns on those funds,” he said. “There are no guarantees, but we chose to provide participants with those options.”