Inherited IRA Rules EXPLAINED (10-Year Rule)
So you inherited an IRA... But now what? Do you have to take all of the money out immediately? Over your lifetime? Within 10 years?
The SECURE Act was instituted in 2020, but we are still trying to understand what the rules actually are for IRA inheritors.
Prior to the SECURE Act, you could stretch the Required Minimum Distributions (RMD) over your lifetime. This gave you the benefit of spreading out your tax liability over many years.
The SECURE Act took this "stretch" provision away for many beneficiaries and left it available to others. Also, the "10-year rule" was created. This new ruling…
The skinny
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