Inherited IRA Distribution Options

Beginning on January 1, 2020, the SECURE Act changed many IRA beneficiaries’ distribution options. Under the SECURE Act, most non-spouse beneficiaries must now distribute Inherited IRA assets within 10 years of the owner’s death (the 10 Year Rule). The 10-year rule applies to Inherited IRAs and employer-sponsored retirement plans. For IRA owners who died before January 1, 2020, the beneficiary distribution options in effect before the SECURE Act continue to apply.

Please feel free to contact the office if you have any questions or would like to review the plan we’ve crafted together.