| Extended IRA | |
 An IRA that allows a second-generation beneficiary to continue to distribute the assets over the life expectancy used by the first-generation beneficiary, thereby extending the IRA. |
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 An individual who inherits IRA assets from the original IRA owner is referred to as the first-generation beneficiary. This individual is able to distribute the assets over his/her life expectancy or the remaining life expectancy of the IRA owner. If the first-generation beneficiary subsequently dies, his/her designated beneficiary is the second-generation beneficiary. This type of IRA is starting to be used by those who no longer need - nor want - to spend all of their IRA assets at the same time. Extended IRAs can have extensive tax benefits as second-generation beneficiaries are allowed to continue distributions over the life expectancy used by the first-generation beneficiary, thereby spreading the tax burden from distributions over a long period. |
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 Extended IRA - A brief look at the effects of this type of IRA (PDF Version). Introductory Tour through Retirement Plans - Here you will find tutorials that are each devoted to one the most common retirement plans, explaining how to establish, fund, and then take distributions from it. Roth Or Traditional IRA...Which Is The Better Choice? - To answer this question, you need to consider several factors, which we outline here. Inherited Retirement Plan Assets - Part 1 - If you're a beneficiary of a retirement account, you should know your distribution options. Inherited Retirement Plan Assets - Part 2 - To take full advantage of new RMD regulations, beneficiaries need to take action before important deadlines. |
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