What happens to an IRA Owner's Traditional IRA after he or she dies?

Distributions after an IRA owner's death must normally be completed not later than the end of the calendar year containing the fifth anniversary of the owner's death (five-year rule), but deferred distributions are also allowed in most cases under a life expectancy rule. If an owner dies after his or her required beginning date, the payment mode in effect at the owner's death may continue, but no further deferral is allowed. If an owner dies before the required beginning date, distributions may be spread over a beneficiary's life or life expectancy.

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