The 10-Year Rule and Required Minimum Distributions: Today’s Slott Report Mailbag
By Andy Ives, CFP®, AIF®IRA Analyst QUESTION: Good afternoon, If a client passed this year with four adult children inheriting...
10-year rule
Final Regulations Allow Separate Accounting for Trusts
The recent final required minimum distribution (RMD) regulations include a new rule change that may be beneficial for IRA owners who name trusts as beneficiaries. In the new regulations, the IRS allows separate accounting for RMD purposes for more trusts. This can be helpful when a trust has beneficiaries who can potentially have different payout periods under the RMD rules.
NEW SPOUSAL BENEFICIARY RULES AND EFFECTIVE DATE OF 10-YEAR RULE: TODAY’S SLOTT REPORT MAILBAG
Question:I inherited an IRA from a younger deceased spouse who wasn't required to take required minimum distributions (RMDs) until this year. Can I take advantage of the new section 327 rules under SECURE 2.0 since the RMDs haven't commenced yet?
REQUIRED MINIMUM DISTRIBUTIONS: TODAY’S SLOTT REPORT MAILBAG
QUESTION:I inherited a traditional IRA from my mother in 2024. She passed before her required beginning date (RBD.) I know that I fall under the 10-year rule. The question is, do I need to start required minimum distributions (RMDs) in 2024 and deplete the account by 2034, or can I wait until 2034 and deplete the entire account all at once?
New Rules Loosen or Eliminate Documentation Rules for See-Through Trusts
Sarah Brenner, JDDirector of Retirement Education The new required minimum distribution (RMD) rules recently issued by the IRS include some...
SUCCESSOR BENEFICIARIES AND INHERITED IRA ROLLOVERS: TODAY’S SLOTT REPORT MAILBAG
By Ian Berger, JDIRA Analyst Question: Under IRS rules, if I am currently receiving required minimum distributions (RMDs) and die...
The Roth IRA Advantage Under the Final RMD Rules
In 2020, the SECURE Act completely changed the game for nonspouse IRA beneficiaries. Now, most are subject to the 10-year payout rule. Recently released final RMD rules keep the controversial proposed rule that requires many beneficiaries subject to the 10-year rule to also take annual required minimum distributions (RMDs) during the 10-year period.
IRS Final Regulations Loosen Definition of “Eligible Designated Beneficiary”
One of the positive outcomes of the new IRS final SECURE Act regulations on required minimum distributions (RMDs), released on July 18, is that more beneficiaries will be able to stretch RMDs over their lifetime.
New RMD Regs Have a Surprising Result for Minor Child Beneficiaries
By Sarah Brenner, JDDirector of Retirement Education In newly released final required minimum distribution (RMD) regulations, the IRS is doubling...
How Are Annual RMDs in the 10-Year Period Calculated?
In the July 22, 2024 Slott Report, my colleague Sarah Brenner explained how the IRS, in its final SECURE Act required minimum distribution (RMD) regulations issued on July 18, did not budge on a controversial position it had taken in its 2022 proposed regulations.
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