Inherited IRA RMD during 10 years
If you inherit an IRA from someone taking their RMD- do you continue taking payments on the decedent’s life expectancy
or is the IRA depleted over 10 years at any pace including no annual requirement?
If you inherit an IRA from someone taking their RMD- do you continue taking payments on the decedent’s life expectancy
or is the IRA depleted over 10 years at any pace including no annual requirement?
Permalink Submitted by Alan - IRA critic on Tue, 2022-03-22 20:19
If you inherit an IRA from an older owner who passed after their RBD and you are a 10 year rule beneficiary, you must take annual life expectancy RMDs each year based on YOUR age as a minimum, but still drain the inherited IRA in 10 years. Separate account rules apply if there were multiple beneficiaries.