After reviewing the beneficiary form and reviewing the certified death certificate, and If the son beneficiary is subject to the 10-year payout period (i.e, he is not a minor), the beneficiary distributions will be based on the son’s age and are calculated using the IRS Single Life Expectancy Table. First, the solo 401k will need to be transferred to a beneficiary IRA and distributions will be made from the beneficiary IRA. Once the life expectancy factor is determined in the first year, future beneficiary distributions will be determined by subtracting one for each subsequent year through year nine. The beneficiary IRA is then required to be distributed by the end of the tenth year. .
ROBS 401k Funding Process
Solo 401k Contributions Including Mega
Checkbook IRA LLC
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