Retirement Planning: So, what are the ... - MS Estate Planning

First, the options available to a beneficiary will depend upon the written terms of the IRA or Qualified Plan, so the plan document must be reviewed.

As a general rule, a beneficiary normally has the right to immediately withdraw all of the plan proceeds.

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Assuming the beneficiary does not want to immediately withdraw all of the proceeds, then federal law provides a "maximum" period of time over which the beneficiary must deplete the account.

This maximum period of time depends upon which of three categories your beneficiary falls under: Designated Beneficiary, Non-Designated Beneficiary, or Surviving Spouse.

Excerpt from The Complete Guide to Estate and Financial Planning in Turbulent Times (Collaborative Press, 2011) - Walt Dallas, Contributing Author

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Source: http://blog.estateplanning123.com/2012/08/retirement-planning-so-what-are-the-distribution-options-available-to-my-beneficiary-upon-my-death.html

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