New 2022 Inherited IRA Single Life Expectancy Tables
Hello – does this new 2002 table (p.162 in Ed’s Bombshell Book) reset to my age, or do I continue to take distributions at older siblings age? Thx.
Hello – does this new 2002 table (p.162 in Ed’s Bombshell Book) reset to my age, or do I continue to take distributions at older siblings age? Thx.
Permalink Submitted by Alan - IRA critic on Mon, 2022-11-28 22:35
If you have had to use the age of an older co-beneficiary due to not establishing a separate inherited IRA by the deadline, that must continue when you reset your divisor to reflect the new 2022 tables. In other words, you would reset your divisor but would still have to use the age of the oldest beneficiary of the account.