Permalink Submitted by Alan - IRA critic on Tue, 2020-02-04 22:10
If the beneficiary that passes after 2019 is a designated beneficiary, the successor beneficiary becomes subject to the 10 year rule. However, if the beneficiary that passes is a successor beneficiary to a designated beneficiary, the original designated beneficiary’s RMD schedule will be completed with no 10 year rule. In other words, Secure will not affect an inherited IRA that has already been inherited by a successor beneficiary as of 12/31/2019.
Permalink Submitted by Alan - IRA critic on Tue, 2020-02-04 22:10
If the beneficiary that passes after 2019 is a designated beneficiary, the successor beneficiary becomes subject to the 10 year rule. However, if the beneficiary that passes is a successor beneficiary to a designated beneficiary, the original designated beneficiary’s RMD schedule will be completed with no 10 year rule. In other words, Secure will not affect an inherited IRA that has already been inherited by a successor beneficiary as of 12/31/2019.