Designated Beneficiary

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Dictionary Says

Definition of 'Designated Beneficiary'

The person who determines how long the retirement plan will survive as a tax-deferred vehicle under the laws governing certain retirement plans. The designated beneficiary must be a person, or in certain situations, a trust for designated individuals.
Investopedia Says

Investopedia explains 'Designated Beneficiary'

Since 2002, the laws governing the distribution of qualified retirement plan assets have become extremely complex. A designated beneficiary must be a person, not an estate and not a charity, although there are also other less tax-efficient ways of making distributions to entities.
Search results for

'Designated Beneficiary'

  • 529 Plans: Eligibility | Investopedia

    http://www.investopedia.com/university/retirementplans/529plan/529plan2.asp
    Find out who can establish and contribute to a 529 plan, and
    how the designated beneficiary can be changed. ...

  • If a trust is named as the beneficiary of an IRA, can the trustee ...

    http://www.investopedia.com/ask/answers/06/changebeneficiary.asp
    While the IRA owner is alive, only the IRA owner can change the designated
    beneficiary of the IRA. Exceptions may apply if there is an. ...

  • Mistakes In Designating A Retirement Beneficiary

    http://www.investopedia.com/articles/retirement/04/080404.asp
    ... In fact, the final required minimum distribution (RMD) regulations state, "A designated
    beneficiary need not be specified by name in the plan … in order to ...

  • 529 Plans: Contributions | Investopedia

    http://www.investopedia.com/university/retirementplans/529plan/529plan3.asp
    ... Contribution Limit The maximum amount that may be contributed on behalf of
    each designated beneficiary varies among states. Typically ...

  • 529 Plans: Types Of Plans | Investopedia

    http://www.investopedia.com/university/retirementplans/529plan/529plan1.asp
    ... Individuals would review the feature and benefits of both types of 529 plans to
    determine which is more suitable for the designated beneficiary. ...

  • An Estate Planning Must: Update Your Beneficiaries

    http://www.investopedia.com/articles/retirement/03/031803.asp
    ... If not, you may find that your designated beneficiary is not who or what you think
    it should be, especially if you have divorced, remarried or had children ...

  • 529 Plans: Distributions | Investopedia

    http://www.investopedia.com/university/retirementplans/529plan/529plan4.asp
    ... plans used for qualified education expenses are tax- and penalty-free if the amount
    is equal to or less than the designated beneficiary's qualified education ...

  • Disclaiming Inherited Plan Assets

    http://www.investopedia.com/articles/retirement/03/041603.asp
    ... assets. A beneficiary who properly disclaims inherited assets is treated
    as if he or she never was the designated beneficiary. (For ...

  • Can a spouse who is not named as a beneficiary receive assets from ...

    http://www.investopedia.com/ask/answers/05/inheritIRA.asp
    ... Under the laws of these states, the spouse must be the primary designated beneficiary,
    unless he or she consents to another party being the primary designated ...

  • If I pass away, will my retirement plan go to my spouse tax free?

    http://www.investopedia.com/ask/answers/141.asp
    If your spouse is the designated beneficiary of your retirement plan, the assets
    will pass to him or her tax free. The general rule stipulates that. ...

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