Inherited IRA

Submitted by Becky Muhlbauer on Wed, 2021-04-07 19:43

I have a 30-year-old client. She inherited an IRA from an uncle who passed away in November 2013, and she received the proceeds in January 2014 as his beneficiary. Is she now subject to the new 10-year rule for having the IRA fully-distributed under changes enacted by the SECURE Act? Or is she grandfathered in under the old rules of stretching distributions over her life expectancy?



Submitted by Alan - IRA critic on Wed, 2021-04-07 22:09

If she has been stretching distributions since 2014, she can continue to do so. The Secure Act does not change the RMDs for those inheriting prior to 2020.

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