RMD s from inheruted IRA
I am a beneficiary of my deceased father’s IRA. I have been taking annual distributions since his date of death in 1988 using the single life expectancy table. Am I now required to distribute the remaining IRA balance in 10 years, or, am I grandfathered in to continue with the single life expectancy table factor? Thank you !
Permalink Submitted by Alan - IRA critic on Thu, 2022-09-08 22:54
You can continue your life expectancy RMDs, although you should reset the divisor because the RMD tables were updated in 2022. This will result in a small reduction of your beneficiary RMD. The 10 year rule does not apply to you, but it will to your beneficiary.