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Who should be the beneficiary of IRAs and retirement benefits?

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Who should be the beneficiary of IRAs and retirement benefits?

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The choice of beneficiary can affect how much you must take out of your plan during your lifetime and who will inherit the plan assets when you die. The choice of beneficiary is a complicated decision that cannot be answered easily. If you are married, your spouse may benefit from these plans without paying any estate tax, and may be able to defer paying income taxes.

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