Reply to Irs clarified inherited IRA RMDs

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Reply to "Irs clarified inherited IRA RMDs"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t understand [/quote]

[b]Non-spouse, Non-Roth:
If you inherit an IRA..
AND the person you are inheriting from is already on RMD
THEN you are expected to withdraw money based on an RMD schedule with a baloon withdrawal in year 10[/b]

If you inherit an IRA..
AND the person you are inheriting from is not on RMD
THEN you can withdraw money anytime during the 10 year period

Roth-IRA:
You can withdraw money anytime during the 10 year period

Spouse:
No RMD requirements other than your own.[/quote]

Re: bolded. Does this preclude an heir from doing something sensible like withdraw 1/10 the first year, 1/9, the next year, etc? Not clear to me from the way this is written as the balloon reference is throwing me off[/quote]

No. You can always withdraw more than the RMD. You can withdraw it all the first year if you want. It’s just that the supposed benefit here was letting the money sit and accumulate before withdrawal. [/quote]

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