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Harmonizing Powers of Appointment With RMDs

Official guidance is needed. Until then, take steps to protect the stretch.

When qualified retirement benefits, such as a profit-sharing account or an individual retirement account, are payable on death to a trust, four requirements must be met to stretch out distributions of those benefits, based on the age of a trust beneficiary.1 If those rules are met, the trust is said to have a “designated beneficiary” for purposes of required minimum distributions (RMDs).

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