Beneficairy IRAs
my parent died in January at 72yo, before her mandatory withdrawl date. Do I need to be taking RMD's each year, or can I take one lump sum before the 10yr date? I know there have been changed with the Secure Act 2.0, but my financial advisors aren't really helping me out.
Quick Answer:
For an inherited IRA, when the original owner died before their required beginning date for RMDs, and you are a non-spouse beneficiary, you are generally not required to take annual distributions during the 10-year period following the year of death.
Instead, the entire inherited IRA
Note: This answer is provided for convenience only. It is important that you speak to a CPA about your individual tax situation.
