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Can Beneficiary live outside us?


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Guest chris4013
Posted

Participant is US resident. No spouse. Family lives out of country. Can she name one of them a beneficiary?

Posted

Yes.

George D. Burns

Cost Reduction Strategies

Burns and Associates, Inc

www.costreductionstrategies.com(under construction)

www.employeebenefitsstrategies.com(under construction)

Guest b2kates
Posted

Yes, be aware that distribution, subject to tax treaty treatment, may be subject to NRA tax withholding.

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