Successor Beneficiaries
Can successor beneficiaries appoint beneficiaries on their inherited accounts? In effect, can new beneficiaries continue to be designated as long as the funds are distributed within the correct 10-year window?
Can successor beneficiaries appoint beneficiaries on their inherited accounts? In effect, can new beneficiaries continue to be designated as long as the funds are distributed within the correct 10-year window?
Permalink Submitted by Alan - IRA critic on Tue, 2025-02-04 17:02
Yes, any individual successor beneficiaries or designated beneficiaries can name their own beneficiaries. However, the 10 year rule will apply and if the designated beneficiary was taking RMDs, that RMD schedule would also have to be maintained in years 1-9.