Inheriting a beneficiary IRA
If you inherit a beneficiary IRA, do you use the life expectancy factor of the first beneficiary, or are you allowed to use your own life expectancy factor? The typical situation now is grandparent being the original owner, child the first beneficiary, and grandchild now being the new beneficiary.
Permalink Submitted by Alan - IRA critic on Wed, 2015-01-28 03:03
The RMD schedule of the original designated beneficiary should be continued regardless of how many successor beneficiaries eventually inherit the IRA. The divisor continues to be reduced by 1.0 in each successive year.