If you inherited in 2016, then you'd be operating under different rules. The SECURE Act (10 year rule) came later on. You may need to update your RMD based on a new release of IRS table(s) in 2022 though.Wow, I did not know this and was not advised this when parent passed away in 2016. Looks like its newer requirements, right? I have been taking RMDs through Vanguard but now this is a whole other ballgame...P.s. the inherited IRA needs to be totally wothdrawn by the 10th anniversary of the death of the owner. This will incur a large tax bill start foguring out when you will take it.
Will you take income from the annuity? Do you have to annuitize it first?
Regards,
Statistics: Posted by retired@50 — Mon May 06, 2024 8:29 am — Replies 8 — Views 892