Broker Check
(845) 627-8300
info@easternplanning.com
Client Login

RMDs to a Trust Beneficiary of an IRA

November 03, 2017

In the past couple of weeks, I have heard the wrong answer to the question of where required minimum distribution's (RMDs) must go to a trust beneficiary from both an advisor and an IRA custodian.

The advisor was dealing with a special needs trust as the beneficiary of the IRA. He thought that since a trust was the beneficiary the only distribution option was a 5-year payout. The trust was one of the best written trusts I had seen. It met all of the requirements for a payout based on the age of the oldest of the trust's beneficiaries.

View More

Contact

Office: (845) 627-8300

Fax: (845) 627-8237

25 Smith Street

Suite 304

Nanuet, NY 10954

info@easternplanning.com

Quick Links

Osaic Form CRS

Check the background of your financial professional on FINRA's BrokerCheck.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

We take protecting your data and privacy very seriously. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information.

Copyright 2023 FMG Suite.

Securities and advisory services offered through Osaic Wealth, Inc., member FINRA/SIPC. Eastern Planning is not affiliated with Osaic Wealth, Inc. or registered as a brokerdealer or investment advisor. Insurance services are offered through Easter Planning.

Beth L. Blecker and Matthew A. Blecker are Registered Representatives of and offer securities products & services through Osaic Wealth, Inc. Member FINRA/SIPC, a registered broker-dealer. In this regard, this communication is strictly intended for individuals residing in the states of Alabama (AL), Arizona (AZ), California (CA), Connecticut (CT), Georgia (GA), Florida (FL), Massachusetts (MA), Maryland (MD), New Jersey (NJ), New York (NY), Ohio (OH), Pennsylvania (PA), South Carolina (SC) and Virginia (VA). No offers may be made or accepted from any resident outside the specific states referenced.

IMPORTANT CONSUMER INFORMATION: A broker-dealer, investment adviser, BD agent, or IA rep may only transact business in a state if first registered, or is excluded or exempt from state broker-dealer, investment adviser, BD agent or IA rep registration requirements, as appropriate. Follow-up, individualized responses to persons in a state by such a firm or individual that involve either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without first complying with appropriate registration requirement, or an applicable exemption or exclusion. For information concerning the licensing status or disciplinary history of broker-dealer, investment adviser, BD agent, or IA rep, a consumer should contact his or her state securities law administrator. Securities offered through Osaic Wealth, Inc., Member FINRA/SIPC.

Beth Blecker and Matthew Blecker are separately registered as investment advisor representatives under Affiliated Advisors, Inc., a registered investment advisor, not affiliated with Osaic Wealth, Inc., offering advisory services in the state of New York. As such, these services are strictly intended for individuals residing in New York. Additional investment advisory services offered through Osaic Wealth, Inc. Eastern Planning Inc. is not affiliated with Osaic Wealth, Inc. or registered as a broker dealer or investment advisor.

PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. We make no representation as to the completeness or accuracy of information provided at these web sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, web sites, information and programs made available through this web site. When you access one of these web sites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.

IMPORTANT: The firm requires that certain content is mandatory for all Twitter Profiles. However, Twitter limits the amount of information that can be presented on a Twitter site. Therefore, advisors that use Twitter are required to have a firm approved website that houses the required disclosures. Twitter allows one website link and the firm requires that the link go directly to the disclosure page. For example, if the website URL is www.easternplanning.com, the link as it appears on the Twitter site would be https://twitter.com/EasternPlanning.

Required Content/Disclosures for all Twitter Profiles to be housed on the advisor’s website within a section exclusively devoted to Twitter disclosures: Securities offered through Osaic Wealth, Inc., Inc. Member FINRA/SIPC. Eastern Planning offers advisory services through Osaic Wealth, Inc., a Registered Investment Advisor. Financial Planning offered through Affiliated Advisors, Inc., a Registered Investment Advisor

The entities listed are not affiliated. Eastern Planning, Inc., 25 Smith Street, Suite 304, Nanuet NY 10954, (845)627-8300

This communication is intended for individuals residing in the states of CA,CT, FL, MD, MA, NJ, NY, PA, SC, TN, UT. No offers may be made or accepted from any resident outside the specific state(s) referenced.

Investments in securities involve risk, including the potential loss of principal invested. No offers may be made or accepted from any resident outside the specific state(s) referenced.

The Twitter site may contain links to articles or other information that are contained on a third party website. Osaic Wealth, Inc. does not endorse or accept responsibility for the content, or the use, of the web site. Osaic Wealth, Inc. assumes no liability for any inaccuracies, errors or omissions in or from any data or other information provided on the pages.

Osaic Wealth, Inc. is not affiliated with Twitter. We do not expressly or implicitly adopt or endorse any of the expressions, opinions or content posted by fans or any third-parties on this site. We do not control, serve, adopt or endorse any content that Twitter may publish on this site. No part of this site is intended to make a recommendation or state a testimonial for or about a security, service or product, or to provide investment, tax or any other advice. At our discretion, we may block followers for a number of reasons.

We request that you keep your comments within the purposes of this site. In your comments, please avoid specific mention or discussions about investment advice or products, specific securities or investments, or trading strategies.

IMPORTANT: We do not provide customer service or enable financial transactions through this site. Should any client of the firm have questions or concerns that are specific to their account(s), please contact your financial advisor directly. You should never post personal, account or transaction information anywhere on this site. For customer inquiries, please call (845)627-8300.

If located within a financial institution, add disclosure as follows:

REQUIRED DISCLOSURE FOR ADVISORS IN A BANK OR CREDIT UNION: All advertisements and sales literature distributed by an advisor that conducts business from a bank or credit union must have the following disclosure:

Bank

Securities are:Not FDIC Insured, No Bank Guarantee, May Lose Value, Credit Union Securities are: Not NCUA Insured, No Credit Union Guarantee, May Lose Value Eastern Planning Inc., is not affiliated with any bank. PLEASE NOTE: The above disclosures may not be exhaustive of all disclosures required depending upon content present.