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For a beneficiary to receive a qualified distribution from a Roth IRA, who must meet the...

For a beneficiary to receive a qualified distribution from a Roth IRA, who must meet the five-year requirement?

a. The Roth IRA owner

b. The beneficiary before taking distribution

c. Both the owner and the beneficiary

d. Either the owner or the beneficiary, before taking the distribution

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Answer #2


Correct option: (d) Either the owner or the beneficiary, before taking the distribution


Either the owner (when the owner receives the IRA) or the beneficiary (when IRA is received by the beneficiary), before taking the distributions, must meet the five-year requirement.

answered by: Dr. R
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Answer #1

a. The Roth IRA owner

Conclusion-Roth IRAs offer significant tax advantages and, unsurprisingly, there are strings attached. You’ll need to abide by IRS rules for these investment retirement accounts to avoid the sticker shock of penalties or taxes when you take distributions.

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