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New Castle News in New Castle, Pennsylvania

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Articles on This Page

This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

New Castle News

Location

New Castle, Pennsylvania, United States of America

Date

Dec 03, 1998

Page

8

Planning traditional IRA beneficiaries to optimize distributions

This overview explains how beneficiary designations affect tax deferral and payout options for traditional IRAs. It covers primary and contingent beneficiaries, estate implications, revocable trusts, and survivor options for spouses, including deferral, treating the IRA as own, and life expectancy considerations.

Burkot discusses IRA required distributions and life expectancy rules

The article explains that individual non-spouse beneficiaries must follow either the five year rule or life expectancy formulas for inherited traditional IRAs if the owner dies before distributions begin. It notes benefits of using life expectancy to spread taxation, cautions about small yearly distributions, and mentions administrative pitfalls and trust considerations.

Internal Revenue Code IRA Plano Burkot

Also Mentioned on This Page

Joseph T. Burkot Law Firm of Ralph, Nicolls, Mitsos, Flannery & Clark Philip W. Berezniak Donald J. Nicolls Chris J. Mitsos Richard E. Flannery Phillip L. Clark, Jr John W. Flannery John J. DeCaro, Jr First Western Bank New Castle Pennsylvania Pittsburgh Circle Ellwood City Nick S. Mill Street Elem Mercer NEW Castle News Elk OD EVER IIS Pes New Castle Sy As Eh Ea Ea HOU Ag Ely Aes A Ls Rite Parou Ballet Tormer Scottish Rite Cathedral Wendell August Santa Wendel Ondey Madison Avenue Grove City Dutch Country Lane Berlin King Street Charleston Wendell
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