No. of Recommendations: 2
Beneficiary IRAs also have RMDs.
Not anymore! The SECURE act eliminates RMDs for non-spouse beneficiaries. The new rule is that the beneficiary has 10 years to withdraw the entire amount. They can withdraw each year of the 10 years, they can withdraw the whole thing in the first year, they can withdraw the whole thing in the 10th year, or anything in between. And each year, the taxes are due on what was withdrawn. I have seen a recommendation to withdraw 1/10 in year 1, 1/9 in year 2, 1/8 in year 3, ..., 1/2 in year 9, and the remainder of the balance in year 10, that's also one way to do it ensuring roughly proportional withdrawal each year.
