Can MS qualify for eligible designated beneficiary status under Secure Act?

Submitted by Michael Philipps on Wed, 2023-09-06 14:33

My wife and I have set up traditional IRAs with each being each other’s primary beneficiary. Our daughter is named as our contingent beneficiary in each case. Our daughter has MS. We believe that MS qualifies as being a chronically ill disability and would therefore allow her the ability to stretch her inherited IRAs from her mother and father over her life expectancy. Are we correct?



Submitted by David Mertz on Wed, 2023-09-06 15:35

  • Possibly, depending on the severity of the symptoms.  She would need to meet the IRS definition of being disabled as stated in IRS Pub 590-B:
  • You are considered disabled if you can furnish proof that you can’t do any substantial gainful activity because of your physical or mental condition. A physician must determine that your condition can be expected to result in death or to be of long, continued, and indefinite duration.

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