What is a beneficiary?

A beneficiary can be any person or entity the owner chooses to receive the benefits of a retirement account or an IRA after he or she dies. Beneficiaries of a retirement account or traditional IRA must include in their gross income any taxable distributions they receive.

  • Beneficia, beneficiary, ira
  • 0 Utenti hanno trovato utile questa risposta
Hai trovato utile questa risposta?

Articoli Correlati

Inherited from spouse

If a traditional IRA is inherited from a spouse, the surviving spouse generally has the following...

Inherited from someone other than spouse

If the inherited traditional IRA is from anyone other than a deceased spouse, the beneficiary...

Inherited ROTH IRAs

Generally, the entire interest in a Roth IRA must be distributed by the end of the fifth calendar...

Beneficiaries of Qualified Plans

Generally, a beneficiary reports pension or annuity income in the same way the plan participant...