Fact checked by Betsy Petrick You can list a minor as your Individual Retirement Account (IRA) beneficiary, but minors can't inherit the account directly. To designate a minor, you'll need to appoint ...

One of those strategies is employing a charitable remainder trust (CRT) as the beneficiary of your IRA. This alternative setup offers a blend of charitable giving and tax benefits. Here's how it ...

Inheriting a Roth IRA avoids probate if the deceased listed you as a beneficiary. Spouses inheriting Roth IRAs can treat them as their own; others face a 10-year withdrawal limit. Non-spousal ...

To complicate matters further, investment firms differ on how they will handle stretch provisions and required minimum distribution (RMD) calculations if a trust is the beneficiary of an IRA ...

A trust can help dictate distributions, but using a trust as an IRA beneficiary comes with complex tax rules (e.g., see-through trust requirements). Roth Conversions: Converting some or all of a ...

“One creative strategy around the 10-year rule, for those who are charitably inclined, is naming a charitable remainder trust as a beneficiary to your IRA,” said Jonathan Shenkman, president ...

An inherited IRA may be the most complex issue to handle well when wrapping up an estate. If you’ve recently inherited an individual retirement account, you can find yourself at the tricky three ...

Make Sure the Trust Qualifies for a Life Expectancy Payout As is well known, the Secure Act of 2019 eliminated the life expectancy payout (also called "stretch IRA") for most IRA beneficiaries ...

Also, if you have a charity as your traditional IRA beneficiary, you should definitively NOT convert – because charities don’t pay taxes. And what about those individuals who do not trust the ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Chip Stapleton is a Series 7 and Series 66 license holder, CFA Level 1 exam holder, and ...