Permalink Submitted by Alan - IRA critic on Tue, 2024-08-06 11:38
Yes, but only if the account owner passed prior to RBD. The beneficiary would advise the IRA custodian before the end of the year following the year of death that they are opting out of EDB treatment and into the 10 year rule. They would then have no annual RMDs until year 10. Note that this election is irrevocable.
Permalink Submitted by Alan - IRA critic on Tue, 2024-08-06 11:38
Yes, but only if the account owner passed prior to RBD. The beneficiary would advise the IRA custodian before the end of the year following the year of death that they are opting out of EDB treatment and into the 10 year rule. They would then have no annual RMDs until year 10. Note that this election is irrevocable.