Extended IRA

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.

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 or her life expectancy or the remaining life expectancy of the IRA owner. If the first generation beneficiary subsequently dies, his or her designated beneficiary is the second generation beneficiary. This type of IRA is used by those who no longer need - or want - to spend all of their IRA assets at the same time. Extended IRAs can have extensive tax benefits because 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.


Investment dictionary. . 2012.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Ira B. Harkey Jr. — Ira B. Harkey Jr. (January 15, 1918 ndash; October 8, 2006) was an author of books, professor of journalism, and editor and publisher of the Pascagoula, Mississippi Chronicle Star from 1951 to 1963. Harkey was awarded the Pulitzer Prize for… …   Wikipedia

  • EISENSTEIN, IRA — (1906–2001), U.S. rabbi and leader of the reconstructionist movement. Born in New York City, Eisenstein grew up in Harlem along with his friend milton steinberg . Eisenstein was a grandson of judah david eisenstein , a traditional scholar who… …   Encyclopedia of Judaism

  • United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …   Universalium

  • performing arts — arts or skills that require public performance, as acting, singing, or dancing. [1945 50] * * * ▪ 2009 Introduction Music Classical.       The last vestiges of the Cold War seemed to thaw for a moment on Feb. 26, 2008, when the unfamiliar strains …   Universalium

  • Ireland — Irelander, n. /uyeur leuhnd/, n. 1. John, 1838 1918, U.S. Roman Catholic clergyman and social reformer, born in Ireland: archbishop of St. Paul, Minn., 1888 1918. 2. Also called Emerald Isle. Latin, Hibernia. a large western island of the British …   Universalium

  • List of Sons of Anarchy characters — This is a list of characters from Sons of Anarchy. Sons of Anarchy is a drama on the American TV network FX; it focuses on the lives of an outlaw motorcycle club in Northern California. Contents 1 Sons of Anarchy Motorcycle Club 1.1 Active SAMCRO …   Wikipedia

  • Nobel Prizes — ▪ 2009 Introduction Prize for Peace       The 2008 Nobel Prize for Peace was awarded to Martti Ahtisaari, former president (1994–2000) of Finland, for his work over more than 30 years in settling international disputes, many involving ethnic,… …   Universalium

  • Chronology of Provisional Irish Republican Army actions (1980-1989) — This is a chronology of activities by the Provisional Irish Republican Army (IRA) from 1980 to 1989. For actions before and after this period see Chronology of Provisional Irish Republican Army actions. Incidents resulting in at least three… …   Wikipedia

  • Timeline of the Irish War of Independence — This is a timeline of the Irish War of Independence (or the Anglo Irish War[1]) of 1919–1921. The Irish War of Independence was a guerrilla conflict and most of the fighting was conducted on a small scale by the standards of conventional warfare …   Wikipedia

  • Chronology of the Irish War of Independence — This is a chronology of Irish War of Independence (or the Anglo Irish War [The war is often referred to as the Irish War of Independence in Ireland and as the Anglo Irish War in Britain, the Tan War by anti Treaty republicans and was known… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”