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Retirement tax questions
Designated beneficiaries are those who are not "eligible designated beneficiaries".
Eligible Designated Beneficiaries are:
- Spouse or minor child of the deceased account holder
- Disabled or chronically ill individual
- Individual who is not more than 10 years younger than the IRA owner or plan participant
This is per IRS regulations: Retirement topics - Beneficiary
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‎June 26, 2024
5:11 PM