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CompassGOLD Beneficiary Designation Form
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People also ask
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Where to mail Fegli designation of beneficiary form?
Submit the designation form to: Office of Personnel Management, Retirement Operations Center, P.O. Box 45, Boyers, PA 16017-0045.
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How to fill out a designation of beneficiary form?
Write the names of the first beneficiary(ies) you would like to receive your benefit after you die. You may name an individual(s), entity (such as a charity, business, religious organization, funeral home, etc.), trust, or estate. You may name more than one.
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Who is not considered an eligible designated beneficiary?
For inherited retirement account withdrawal rules and requirements, a retirement account beneficiary that is a nonperson entity is considered to be a non-designated beneficiary. Also called a nondesignated beneficiary, it has no life expectancy of their own, as they are not living persons.
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Who cannot be a designated beneficiary?
An eligible designated beneficiary (EDB) must be an individual, and not a nonperson entity such as a trust, an estate, or a charity (which would be not designated beneficiaries).
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Who can be designated as beneficiaries?
2 The five categories of individuals considered to be eligible designated beneficiaries are: The account owner's surviving spouse. A child who is younger than 18 years of age. A disabled individual. A chronically ill individual. A person not more than 10 years younger than the account owner.
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Who qualifies as a designated beneficiary?
Any of the following individuals are considered an eligible designated beneficiary (EDB): a surviving spouse, a disabled or chronically ill individual, an individual who is not more than 10 years younger than the IRA owner, or a child of the IRA owner who has not signNowed the age of majority.
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Can you designate anyone as a beneficiary?
Can anyone be named as a beneficiary? Your beneficiary can be a person, a charity, a trust, or your estate. Almost any person can be named as a beneficiary, although your state of residence or the provider of your benefits may restrict who you can name as a beneficiary.
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How to fill out a 401k beneficiary form?
How to name a beneficiary on your 401(k) account. If you name a person as your beneficiary, you should provide their full legal name, mailing address, date of birth, and Social Security number. You may also be asked to explain their relationship to you.
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