If you're signing up for a life insurance policy or have an account with a financial institution, there's a chance you'll ...

Is anything private anymore? We live in a digital age where information is quick and abundant. While this is helpful in many circumstances, it ...

What Is an Eligible Designated Beneficiary (EDB)? An eligible designated beneficiary (EDB) is a deceased person's spouse or a minor child, or a disabled person, a chronically ill individual ...

A beneficiary is a person or entity who receives your assets once you’ve passed away. Designating a beneficiary ensures your assets go where you want them to once you’re gone. But it’s not ...

The Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act), was originally signed into law on December 20, 2019.

Life changes such as marriage, divorce, and the passing of a loved one can leave outdated beneficiary information on accounts ...

Beneficiaries of inherited IRAs will not be able to stretch their payouts in many situations, thanks to the SECURE Act.

Update: IRS final regulations on inherited IRAs confirm that beginning in 2025, many beneficiaries will face annual required distributions during the 10 years. Eligible Designated Beneficiary ...

1. You inherited an IRA in 2023, and the owner did not take their 2023 RMD. 2. You are a designated beneficiary who inherited an IRA in 2020, 2021, or 2022, and the owner died on or after their ...

A trust transfers assets to a trustee, who manages them according to the terms specified by the grantor for the benefit of designated beneficiaries. Trusts can be structured to operate during the ...

Eligible designated beneficiaries are eligible for different and arguably better treatment. They get the stretch IRA just like before. They are exceptions. Many times an IRA owner dies and hasn ...

The IRS reminded account holders, and their beneficiaries, with employer-sponsored retirement plans and IRAs, of the upcoming ...