"Metered proceeds" - Ed Slott and Company, LLC

Submitted by Robert Wright on Wed, 2024-02-14 14:26

A credit union representative was talking about “metered proceeds” for IRA beneficiaries.

Do you know what this person meant by “Metered proceeds?”

Thank you in advance for your help.

Permalink Submitted by Alan - IRA critic on Wed, 2024-02-14 14:49

I have no idea.

Permalink Submitted by William Tuttle on Wed, 2024-02-14 20:35

Metered is based on the measure or use of something. Originally it was used for the measure of dimensions or volume in the metric system.
Now the term is often used on any unit of measure (e.g. kilowatt hours (kWh of electricity)
Also, while less common it can mean the regulation of the flow of something.
My guess and that’s all it is. The CU representative might have mistakenly used metered to refer to RMDs, annuitizstion or amortization.
The first two are routinely utilized in an Inherited IRA. Amortization is available for a 72t SEPP, but I don’t know if it is available in an Inherited IRA.

“Metered proceeds”