kathyc2 Posted February 21 Report Share Posted February 21 Say the holder of Roth IRA dies in 2023 and adult children inherit it. They can leave the money in a Roth and let it continue to grow for 10 years. If they die in 2032 do their adult children get another 10 years, or since it was inherited is distribution required at death? Quote Link to comment Share on other sites More sharing options...
Lee B Posted February 21 Report Share Posted February 21 I will get some popcorn and read the responses later this afternoon 1 Quote Link to comment Share on other sites More sharing options...
Lee B Posted February 22 Report Share Posted February 22 Aw shucks, i'm disappointed. According to the IRS: "Inherited Roth IRAs Generally, inherited Roth IRA accounts are subject to the same RMD requirements as inherited traditional IRA accounts. Withdrawals of contributions from an inherited Roth are tax free. Most withdrawals of earnings from an inherited Roth IRA account are also tax-free. However, withdrawals of earnings may be subject to income tax if the Roth account is less than 5-years old at the time of the withdrawal." "Designated beneficiary (not an eligible designated beneficiary) Follow the 10-year rule" 1 Quote Link to comment Share on other sites More sharing options...
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