When an employee in a qualified retirement plan dies, the employee’s account balance has to be distributed to the beneficiary at a certain rate over a certain timeframe. The money cannot stay in the plan forever. What is that timeframe? When do distr...
May
21
2021
RMDs for Beneficiaries in Qualified Retirement Plans
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), Retirement, RMD, 70 1/2, death, required minimum distribution, beneficiary, secure act, nonspouse
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