Roth beneficiary IRA. Although the RMD for inherited Roth IRAs is similar to the RMD rules for inherited traditional IRAs, Roth IRA withdrawals are generally tax free as long as the original Roth IRA was funded for five years or more and any assets withdrawn from converted balances have also ...
Successor Beneficiary RMD Rules After The Death Of The Original Inherited Retirement Account’s Primary Beneficiary In December of 2019, Congress passed the Setting Every Community Up For Retirement Enhancement (SECURE) Act, introducing substantial updates to the laws governing retirem...
Traditional IRA: Non-spouse inherits after RMD date If the account holder died after their required beginning date to start taking RMDs, these are your choices: Expand All Collapse All Option #1: Open an Inherited IRA: Life expectancy method Option #2: Lump sum distribution Roth IRA: Non-...
About the author:David Dixonis a registered representative with securities offered throughLPL Financial, member FINRA/SIPC. Dixon is also a member of Ed Slott's Elite IRA Advisor Group. For more information about this group, or to find a member near you, visitwww.irahelp.com. ...