Rmd Inherited Roth IRA
Hi,
For this new year i want to take out my RMDs on a Roth IRA I inherited. I am a EDB, and I was born 10/67.
1) So it would be my 2024 Rmd based on my 12/31/23 Roth IRA ending balance correct?
2) What would my single life divisor be?
3) It would the 12/31/23 ending Roth IRA Balance / the divisor correct? To get the amount I have to take out correct?
If let’s say the 12/31/23 Roth IRA Balance was a $1000 how much would I have to pay?
Thanks so much!!!
Darrin
Permalink Submitted by Alan - IRA critic on Sat, 2024-02-24 02:27
Yes, on your inherited Roth IRA balance on 12/31/2023.
Would need to know the year that the owned passed, because the divisor is based on the original divisor reduced by 1.0 for each year since.
Yes