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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] It does not. RMD is "Required [b]Minimum [/b]Distribution". There's no maximum. One could withdraw 100% in year 1, if they so choose as long as it is at or above the RMD percentage.[/quote]
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