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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 Setting Every Community Up for Retirement Enhancement Act of 2019, also known as Secure 1.0. The law ...
For example, while most non-spouse beneficiaries must spend down the accounts in 10 years, they only have a required minimum distribution (RMD) each year if the decedent was past the RMD age.
Additionally, since you're older than the original owner, you won't be subject to the new 10-year rule, which requires a beneficiary to deplete an inherited IRA within 10 years of the original ...
Inherited IRA rules: 7 key things to know ... You can transfer assets into an inherited IRA in your name and choose to take distributions over 10 years. You must liquidate the account by Dec. 31 ...
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 ...
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