“Metered proceeds”
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.
- 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.
Permalink Submitted by Alan - IRA critic on Wed, 2024-02-14 14:49
I have no idea.