Minor IRA Beneficiary pre 2020, now age of majority
the client is now 21 and lives in CA. When she was 9 her mother passed (pre2020) and named her the beneficiary of her IRA. She is now 21. She still uses the single life expectancy table 1 to calculate her RMDs, correct? becoming age of majority does not change anything?
Permalink Submitted by Alan - IRA critic on Wed, 2023-01-25 23:30
You are correct. The Secure Act does not apply to this situation now and will not until the client passes. She can continue the LE stretch as before.