Inherited IRA
Are Eligible Designated Beneficiaries who inherited an IRA in 2023 still allowed to stretch RMDs over their lifetime?
Thanks for your time,
Thomas Snyder
Are Eligible Designated Beneficiaries who inherited an IRA in 2023 still allowed to stretch RMDs over their lifetime?
Thanks for your time,
Thomas Snyder
Permalink Submitted by Alan - IRA critic on Wed, 2024-08-07 16:19
Yes. They have the same stretch capability as prior to the Secure Act.
And if they are older than the decedent and decedent passed after RBD, they can use the longer life expectancy of the decedent.