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Markatlanta

457 Benificiaries

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Guest Sierra

With 457 plans from a State government what is the tax treatment upon death?

 

The tax treatment depends on who the beneficiary is.

 

Joel

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It is my understanding that if the beneficiary of my IRA is my child that they inherit an "inherited IRA" and while they will have to make mandatory annual withdrawals according to a table, they can still have the balances in the IRA continue to grow over time if that is what the market provides. Are governement sponsored 457 plans treated the same way?

 

Mark

 

 

 

 

With 457 plans from a State government what is the tax treatment upon death?

 

The tax treatment depends on who the beneficiary is.

 

Joel

 

 

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Guest Sierra

It is my understanding that if the beneficiary of my IRA is my child that they inherit an "inherited IRA" and while they will have to make mandatory annual withdrawals according to a table, they can still have the balances in the IRA continue to grow over time if that is what the market provides. Are governement sponsored 457 plans treated the same way?

 

Mark

 

 

 

 

With 457 plans from a State government what is the tax treatment upon death?

 

The tax treatment depends on who the beneficiary is.

 

Joel

 

 

 

The answer is yes.

 

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