pre-SECURE Act RMD requirements for inherited IRA

Submitted by John Fritts on Fri, 2024-09-06 13:57

My father died at age 87 in 2014, and had been taking RMDs from his traditional IRA.

I inherited a portion of that IRA and have been taking RMDs since either 2014 or 2015.

Basic question I’m unclear on: At what point (if any) am I required to liquidate that account?

Thank you.

Flag as spam

Permalink Submitted by Alan - IRA critic on Fri, 2024-09-06 17:08

You can continue your annual inherited IRAs as before, as you are not affected by the Secure Act. Be sure that your divisors have been reset to reflect the 2022 RMD single life table. When those divisors drop below 1.0 with the annual 1.0 divisor reduction, your inherited IRA will be drained. Whatever your 2024 divisor is will also be the number of years before the IRA will be drained.