inherited ira for a sibling
Will a sibling who is 6 years OLDER than a decedent count as a designated eligible beneficiary (not more than 10 years younger) and qualify to take a lifetime stretch under the old rules? Two clients (one 45, one 73) just inherited IRA’s from siblings and both are either older, or not 10 years younger. If they can stretch, would be great.
Permalink Submitted by PaulC on Mon, 2024-03-18 15:10
A beneficiary who is older than the decedent is not more than ten years younger and so is considered an Eligible Designated Beneficiary. It’s an age classification that throws people due to its wording, but older means they’re not younger. As an EBD they qualify for the lifetime stretch.