Five-Year Rule - If a retirement account owner dies before the required beginning date, the beneficiary may distribute the inherited assets over his/her (the beneficiary’s) life expectancy or distribute the assets under the five-year rule. Under the five-year rule, the assets must be distributed by December 31 of the 5th year following the year the retirement account owner died.
Five-Year Rule : if a retirement account owner dies before the required beginning date, the beneficiary may distribute the inherited assets over his/her (the beneficiary’s) life expectancy or distribute the assets under the five-year rule. under the five-year rule, the assets must be distributed by december 31 of the 5th year following the year the retirement account owner died.
Five-Year Rule