Under the SECURE Act, most nonspouse beneficiaries who inherited an IRA after 2019 must empty the account within 10 years. If the original owner died on or after their required beginning date for distributions, you must also take annual required minimum distributions in years one through nine. Each distribution is generally taxable as ordinary income, so planning the timing and amount of withdrawals can help manage your tax burden.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
