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According to the RMD regulation a beneficiary can be removed from the account. What does that mean?

April 26, 2017account Beneficiary mean regulation removed rmd

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According to the RMD regulation a beneficiary can be removed from the account. What does that mean?

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A beneficiary can decide to either reject their share of the account or take a lump sum distribution. This is usually done when there are multiple, non-spouse beneficiaries. The required distributions are then based on the life expectancy of the oldest remaining beneficiary.