Understanding Who Should Be Beneficiary of Your IRA
How to Turn a Modest Tax-Deferred Account Into Millions For Your Family
(includes IRAs, 401(k)s, pensions, profit sharing and other qualified plans)
4. Doesn't my beneficiary affect my distribution?
Not any longer. Now, almost everyone uses the same chart to calculate distributions, even if you have no beneficiary. After you die, distributions are based on your beneficiary's life expectancy (or the rest of your life expectancy if you die without one.) Naming the right beneficiary is still critical to getting the most tax-deferred growth. That's much easier to do now, because you are no longer locked into the beneficiary you name when you take your first distribution.