If you name a beneficiary on your account, the IRA will pass directly to them. You can also name a contingent beneficiary as a backup to your beneficiary. If there is no designated beneficiary, the account will pass to your estate.
If you name a beneficiary on your account, the IRA will pass directly to them. You can also name a contingent beneficiary as a backup to your beneficiary. If there is no designated beneficiary, the account will pass to your estate.