INHERITED IRA
What were the Inherited RMD distribution rules for each year from and how did the 5 year or 10 year rule apply to any of these years?
2018
2019
2020
2021
2022
2023.
Thanks
What were the Inherited RMD distribution rules for each year from and how did the 5 year or 10 year rule apply to any of these years?
2018
2019
2020
2021
2022
2023.
Thanks
Permalink Submitted by Alan - IRA critic on Sun, 2024-09-22 15:26
For deaths in 2018 and 2019 (prior to Secure Act), life expectancy RMDs for designated (individuals) beneficiaries apply unless the beneficiary qualifies to elect the 5 year rule.
Deaths after 2019 fall under the Secure Act. Most non spouse individual beneficiaries fall under the 10 year rule, but eligible designated beneficiaries can stretch RMDs as they are not subject to the 10 year rule.
Different rules apply to sole spouse beneficiaries. This is a broad general response, so you might want to narrow your question down if this is not sufficient info.