Jump to content
ATX Community

Non spouse inherited IRA


kathyc2

Recommended Posts

My understanding is that if an IRA is inherited by a sibling or equivalent, the age of the deceased determines whether they need to take distributions.

If the deceased had not reached age where RMD's are required, beneficiary can wait until year 10 to take distribution.

If the deceased was RMD age, beneficiary needs to take out at least the RMD.

 Am I correct or confused on this?

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...