- Five-Year Rule
- If a retirement account owner dies before the required beginning date for receiving distributions, the beneficiary may distribute the inherited assets over his/her (the beneficiary's) life expectancy or distribute the assets under the five-year rule. Under the five-year rule, the assets must be distributed by December 31 of the fifth year since the retirement account owner's death.
The five-year rule does not apply if the IRA owner dies after the required beginning date (RBD).
Investment dictionary. Academic. 2012.
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