Beneficiary IRA RMD Question
With the new 10 year rule, is the account holder required to take distributions each year ? Or can they take as they wish, as long as it is entirely distributed before the 10 year timeframe is up ?
Thanks in advance for your input …
Gregg Guio
Permalink Submitted by Alan - IRA critic on Wed, 2021-11-17 19:04
The latter. The IRS contributed to the confusion by issuing Pub 590 B early this year indicating that there were annual RMDs within the 10 year rule. That was completely incorrect, and the IRS has since re issued Pub 590 B clarifying that there are NO annual RMDs within the 10 year rule.