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Huaren
等级等待验证会员
威望--
贴子54
魅力334
注册时间2007-02-12

kathzh

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急问,关于ROTH IRA开户

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7

2007-03-14 17:31:00

If you are married, by default, your spouse is the primary designate beneficiary. And you can name other people as the contingent beneficiary(ies). If you name a primary beneficiry other than your spouse, you need to have your spouse consent, which means your spouse will fill out a form with his/her signature...

If you are not married, you can designate anyone as the Primary beneficiry(ies). It always recommends you name the contigent beneficiaries.

You can change the beneficiary designation any time if you want. But you need to inform the firm and fill out the forms. (And follow the rule of married spouse consent... )

Huaren
等级等待验证会员
威望--
贴子54
魅力334
注册时间2007-02-12

kathzh

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2007-03-15 19:33:00

I am not sure what you mean of " apart from the spouse"... living apart from the spouse and proceeding a divorce? Or just different meaning in Chinese...

As long as your family structure is simple, say, you are married and have several kids, it is ok to leave it blank. When you don't name beneficiaries, your IRA balance will be paid out in the following order: to your spouse, children, grandchildren and then to your estate.

When things are complicate, in order to avoid unnecessary prorate costs and unintended tax burdens on family members, it is always the best to have beneficiary designation on file... ( for example, I had a case of a divorced lady with an adult daughter. She recently remarried. She has her own living trust...Instead leaving the IRA to the new husband by default , She wants to leave it to her daughter , then the living trust... See? )

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