ira distribution
If an ira is left to the estate of owner, does that take out the 10 year rule? Does this allow the estate to take out rmd’s over the life of deceased owner?
If an ira is left to the estate of owner, does that take out the 10 year rule? Does this allow the estate to take out rmd’s over the life of deceased owner?
Permalink Submitted by Alan - IRA critic on Wed, 2020-02-12 15:03
If IRA owner passed prior to RBD, the 5 year rule applies. If owner passed on or after the RBD, the remaining life expectancy of the deceased owner applies. There is no change to these rules due to the Secure Act. These rules also apply if the IRA is left to a non qualified trust or any non individual other than a qualified trust.