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Strategies & Market Trends : Roth IRA ideas -- Ignore unavailable to you. Want to Upgrade?


To: Sonki who wrote (123)4/29/1998 9:46:00 PM
From: Steve Joyce  Respond to of 388
 
sonki,

The TIRA is just the traditional IRA and RIRA is the Roth.....it is just easier to write and type....

You can leave it to your grandchildren, a trust or pretty much anything else with a tax id number or social security number. As for unborn grandchildren......technically no because they need a SS# or TIN. But you can not name a beneficiary until they are born....If unfortunately you pass away before they are born the proceeds in the IRA will be passed to your estate and distributed via a Will or Probate.

I hope that helps.....I used to know more about estate planning than I do currently....sorry :)

SJJ

P.S. I live outside of Boston....no reason to spend more on rent than needed!!!!