Can I Delay Distributions From The Traditional IRA I Inherited?
There are a few options you can consider when you inherit a traditional IRA from a non-spouse. The key consideration for most people is the timing of distributions from the account, but the rules and implications of each option can be confusing.
To help make the analysis easier, we have created the “Can I Delay Distributions From The Traditional IRA I Inherited?” flowchart. It addresses common issues that arise when you inherit a traditional IRA from a non-spouse, including:
Beneficiary classifications under the new SECURE Act rules
Distributions under the 10-Year Rule
RMDs under the Life Expectancy Rule
Twice-inherited IRAs
Robert J. Pyle, CFP®, CFA, AEP® founded Diversified Asset Management, Inc., in 1996 to provide personalized, comprehensive wealth management services to successful individuals, families, single women, and business owners. His specialty is addressing the complex financial needs of self-employed professionals, corporate executives, and small-business owners. Our disclosure can be found here. The views, opinion, information, and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc. Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting, or tax advice.