Â©Copyright 2004 - 2015 Meaning-of-Names.com-Powered by Swigity, LLC Meaning of Keister Last Name-Surname-Family Name Keister.
Annual Distributions. Alternatively, IRA beneficiaries are allowed to take annual distributions based on the IRS life expectancy table, instead of withdrawing the entire account within five years. Annual distributions to IRA beneficiaries must begin in the year after the account ownerâs death. If annual distributions donât start on time, however, the beneficiary must liquidate the entire IRA within five years.
A spouse named as beneficiary of an IRA may treat it as though it has been her account all along. She can take money out or leave it in the IRA. If you leave the IRA to a family member other than your spouse, he must start taking distributions sooner.He can cash out the entire account at once or convert the IRA into a life annuity, which will give him monthly payments for the rest of his life.f you leave the IRA to a family member other than your spouse, he must start taking distributions sooner. He can cash out the entire account at once or convert the IRA into a life annuity, which will give him monthly payments for the rest of his life.