When Must Your IRA Beneficiary Take Their Distribution?

Jun 12, 2023
Est. Read Time: 2 minutes
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There are three classes of IRA and 401(k) beneficiaries.

Eligible Designated Beneficiaries

These can be spouses, minor children, disabled or chronically ill, any person within 10 years of age of the decedent, and any beneficiary older than the decedent.

Non-Eligible Designated Beneficiaries

Any living person not listed above in the eligible designated beneficiaries section.

Non-Designated (or Non-Human) Beneficiaries

Recognized charities, religious organizations, trusts, your estate, etc. 

Once you have identified the category above that your beneficiary falls into, the next step is simple.

Eligible Designated Beneficiaries

These beneficiaries may take distributions as slow or as fast as they like.

(This used to be called a Stretch IRA. As it could stretch for a lifetime.)

This is except for the minor child. For them, there is a 10-year deadline for taking distributions. The 10-year clock starts when the child reaches age 18.

Non-Eligible Designated Beneficiaries

These people simply need to complete taking their distributions by the 10th year following the death of the IRA owner. Faster withdrawals are permitted but not required.

Non-Designated (or Non-Human) Beneficiaries

This group must complete taking distributions by the 5th year following the death of the IRA owner. Like above, faster withdrawals are permitted but not required.

If you are an IRA Club member and would like to update your beneficiary information, simply submit a Beneficiary Designation Form!


For information about the Self Directed IRA or Solo 401k, call IRA Club at 312-795-0988


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