Re-inherited an inherited IRA
My client inherited an IRA from his dad in early 2000’s. When he passes and his kids inherit the IRA will that come under the old inherited IRA rules or will it come under the Secure Act and force the 10 year payout. Thanks, JB
Permalink Submitted by Alan - IRA critic on Thu, 2024-05-16 18:50
The latter. And they will have to continue client’s beneficiary RMD schedule in years 1-9 of the 10 year rule.