Bene IRA Distributions
When a client is required to a take an RMD from a BENE IRA, do they have to take it from the BENE account or can they take it from their personal IRA account?
When a client is required to a take an RMD from a BENE IRA, do they have to take it from the BENE account or can they take it from their personal IRA account?
Permalink Submitted by Alan - IRA critic on Wed, 2024-04-24 15:04
It must be taken from the beneficiary IRA. RMDs for inherited IRAs are totally separate from RMDs for owned IRAs, or any distributions from owned IRAs. However, if the beneficiary has inherited more than one IRA from the same original owner decedent and are taking life expectancy RMDs, the beneficiary RMDs can be completed from any of these inherited IRAs.
Permalink Submitted by Abigail McNaney on Wed, 2024-04-24 15:42
Fantastic. That is what we were thinking! Thank you for confirming!