When IRAs were introduced in 1974, they sounded complicated. An IRA had to be more than just an account. An IRA had to have a bank as custodian or trustee.
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| Ferrari 458 |
Long ago that technicality vanished from public view, but now it turns out to be useful. Enter the
trusteed IRA. The trustee sees to it that the beneficiary (nobody
needs a Ferrari, dude!) takes no more than the required minimum distribution.
Julie Jason discusses trusteed IRAs
here and offers an
example.
1 comment:
As it happens, Julie Jason is a family friend. I will always know her as Jura Jakulis.
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