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Deadline Coming Up for Inherited IRA Beneficiaries
National Underwriter's Tax Facts 
Oct. 14, 2003 Excerpt: A special planning opportunity for beneficiaries of inherited IRAs will be expiring soon. It comes from an exception built into the final required minimum distribution (RMD) regulations adopted in 2002. Beneficiaries who opted into the 5-year rule, whether by accident or on purpose may, if the IRA allows it, switch to a lifetime payout, provided they take the proper steps before December 31, 2003. MORE >> |
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