The basic options for appointing a beneficiary of our IRA include naming your spouse, children, a trust, a charity, or some other individual. The benefit of appointing your spouse or child is to allow those persons to "roll over" the IRA to their own tax-deferred account or IRA, further delaying income taxes until he or she must start taking the required minimum distributions.

I am not naming a Trust so I don't know what to write where it says trust name and date is required on the beneficiary form

You may name a spouse, a family member, or another party as beneficiary of your rollover IRA. Beneficiary decisions are usually revocable and careful thought should be given to the tax and distribution ramifications of your final choice.

No. The advantage of naming a beneficiary(ies) is that upon death the IRA assets go directly to the beneficiary(ies) without going through probate. The IRA assets may become part of the probate process if the IRA owner does not name a beneficiary(ies).

The spouse is the only beneficiary who has this option. You may want to consult an attorney or financial advisor prior to making any elections with respect to an inherited IRA.

No, Baird does not support the import of IRS Form 1099-R for beneficiaries (distributions from pensions, annuities, retirement or profit-sharing plans, IRAs, insurance contracts, etc.).

Yes. This would be considered a taxable distribution-one that is not subject to an early withdrawal penalty. You may want to consult with an attorney or financial advisor prior to making such a decision due to the loss of continued tax deferral that may be available by leaving the funds in the IRA. For more information about the distribution rules governing retirement accounts, be sure to read, "Transferring Assets at Fidelity".

individual who is entitled to COBRA continuation coverage due to being covered under a group health and/or dental plan on the day the qualifying event causes loss of coverage (e.g., termination of employment, divorce from the covered employee, etc.). This also includes a COBRA participant’s newborn child or newly adopted child acquired who is added to the coverage on or after the initial qualifying event.

When you apply fo VGLI, you can name any person, firm, corporation or legal entity as the beneficiary of your VGLI. To change a beneficiary, complete, sign and submit to OSGLI: form SGLV 8721, Beneficiary Designation - Veterans' Group Life Insurance.

An IRA is a tax-deferred retirement account which allows an individual to set aside a certain amount per year with earnings tax-deferred until withdrawals begin at age 59 ½ or later. Only those who do not participate in a pension plan at work or who do participate and meet certain income guidelines can make deductible contributions to an IRA. All others can make contributions to an IRA on a non-deductible basis.