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What Is the 10-Year RMD Rule for an Inherited IRA? The 10-year RMD rule is a result of the ... to IRAs inherited in 2020 and beyond. Before the legislation in 2019, federal law allowed ...
They can treat the inherited IRA as their own, or take distributions based on their life expectancy. These new rules do not apply to accounts inherited before 2020, or to Roth IRAs. This story was ...
A required minimum distribution refers to a rule that says a beneficiary of an inherited traditional or Roth IRA must make annual distributions of at least a certain amount based on IRS formulas ...
Anyone who inherited an IRA from an owner who was already taking RMDs will need to continue taking annual distributions. While the RMD rule isn't retroactive, the 10-year rule still applies for ...
A nonspouse IRA beneficiary must either begin distributions by the end of the year following the decedent's death (they can elect a "stretch" payout if they do this) or, if the decedent died before April 1 of the year after he/she would have been 72, [a] the beneficiary can follow the "5-year rule". The suspension of the RMD requirements for ...
Before 2020, beneficiaries could benefit from what was known as the “stretch IRA” provision. This allowed non-spouse beneficiaries to “stretch” the distributions – and the tax ...