Understanding Who Should Be Beneficiary of Your IRA
How to Turn a Modest Inheritance Into Millions for Your Family
2. Don't I have to use this money for my retirement?
When you reach a certain age, usually 70 1/2, Uncle Sam says you must start taking your money out. (This is called your required beginning date.) But if you don't use all this money before you die, naming the right beneficiary can keep it growing tax-deferred for decades.