SECURE Act Changes for Existing Beneficary IRAs

Does anyone know how a current beneficiary IRA (opened prior to 12/31/2019) is handled when the beneficiary dies? Does it now follow the 10 year rule, or is it grandfathered? If it follows the 10 year rule, would it matter if the beneficiary of the beneficiary IRA is the spouse?



Successor beneficiaries to current beneficiaries will be subject to the 10 year rule. Depending on the age and length of time the current beneficiary holds the account, an additional 10 years could be more or less time than the successor beneficiary would have had completing the RMD schedule of the designated beneficiary. The same applies to successor spousal beneficiaries of an existing non spouse inherited IRA, and such successor spouses cannot do the spousal rollover of such accounts either. 

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