Hello,
Curious if there has been any new updates on the guidelines for Inherited IRA's and RMD's.???
Nothing stays the same! 😉
Dawn
I feel like I have to look up the rules everytime someone asks about it!
Ikr? I don't think he has to until 2025, but I couldn't find it on an IRS posting. I did find info from other sources like Kiplingers and then you never know what is most recent!
You can check 2024 pub 590B for latest rules, but I believe this irs site has latest also.
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary
It's not new, it's clarification as to the mechanisms. In another topic here, there is this link:
Which might be useful. The difficulty comes from all the little details specific to your scenario, such as date of death, relationship and age of beneficiaries, type of IRA, etc.
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