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Is beneficiary election mandatory

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Last Updated On
BySoon retired

L1: Is beneficiary election mandatoryI am trying to maimize my SEPP distribution and noticed on the calculators that there is beneficiary information that can be entered in as an optional item. In my case entering my wife”s birthdate lowers the amount as opposed to just leaving it blank. Is it madatory to enter the beneficiary data?2006-03-30 12:40, By: Soon retired, IP: [198.151.12.8]
L2: Is beneficiary election mandatoryNo. The maximum payment will be realized using single life and the amortization method.2006-03-30 12:44, By: Gfw, IP: [172.16.1.70]

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