Tip: What’s in a Name? If you fail to name a beneficiary on your IRA, it may be much more difficult for your beneficiaries to ‘stretch’ the inherited IRA over their lifetimes.
The Investment Company Institute reports that there is roughly $7.4 trillion in Individual Retirement Accounts (IRA). 1 To help put that in perspective, that’s well over one-third the annual gross domestic product of the U.S. 2
If you have a traditional IRA, you […]