Permalink Submitted by Alan Spross on Thu, 2011-04-21 18:41
Options are:
1) Life expectancy RMDs using the age of the son in the year following owner death (if there were more than one beneficiary, separate accounts should be established)
2) 5 year rule, but only if owner passed prior to the required beginning date
Son can only move the funds by direct transfer, cannot do an indirect rollover.
Permalink Submitted by Alan Spross on Thu, 2011-04-21 18:41
Options are:
1) Life expectancy RMDs using the age of the son in the year following owner death (if there were more than one beneficiary, separate accounts should be established)
2) 5 year rule, but only if owner passed prior to the required beginning date
Son can only move the funds by direct transfer, cannot do an indirect rollover.