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.

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Articles Of Interest

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    Find out how to make the tough decisions when it comes to choosing who will receive your assets and how they will be paid out.
  2. September 30: A Key Date For Retirement Plan Beneficiaries

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  3. Distribution Rules For Inherited Retirement Plan Assets

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  4. 3 Deadlines For Retirement Plan Beneficiaries

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  5. Mistakes In Designating A Retirement Beneficiary

    Make sure your beneficiary designations not only reflect your intentions but also meet the requirements to be effective.
  6. Designating A Trust As Retirement Beneficiary

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  7. Want To Leave Money To Your Family? Stretch Your IRA

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  8. Can an IRA beneficiary roll the IRA over into another account and designate another beneficiary?

  9. Tax-Efficient Wealth Transfer

    Taxpayers with large taxable estates were required to take steps to reduce them before 2011.
  10. What To Do When You're Left Out Of A Will

    Discover the legal steps you can take if you are left out of a will and if fighting is worth the effort.

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