Who you, a Guru? After you read these 100 Retirement Planning tips, you'll be one. But we're looking to recruit a Guru to blog, write a 101 tip Retirement Planning book, and become a leader of this community.
Hot topics for both consumers and webmarketers on WebmasterRadio.FM
Every Wednesday, 4PM Eastern.
June 8, 2007, Newsletter Issue #50: Annual Deadline for Assigning Beneficiaries
1
Tip of the Week
If you are considering new or additional beneficiaries for your Individual Retirement Account (IRA), it's important that you keep the annual deadline of September 30 in mind. This will be crucial in determining life expectancy factors, especially in the case of multiple beneficiaries. It will have a deciding effect on what is known as the “stretch period” for distribution of your IRA assets. For example, suppose you name two children as beneficiaries and also want to include a charity. A charity is not an individual and therefore has no life expectancy, which means that the assets for all three beneficiaries must be distributed by December 31 of the fifth year following your death. This may cause tax disadvantages for your children unless the charity agrees to distribute its portion of the assets by September 30 of the year following your death.
2
About LifeTips
Now one of the top on-line publishers in the world, LifeTips offers
tips to millions of monthly visitors. Our mission mission is to make
your life smarter, better, faster and wiser. Expert writers earn dough
for what they know. And exclusive sponsors in each niche topic help us
make-it-all happen.
Founded in 2000, LifeTips offers fresh tips and advice to millions of readers. Become a Guru on a topic you're an expert in. Become a Sponsor and keep the tips flowing and traffic going to your website!
