Do I need to take annual distributions with an inherited IRA?

With an Inherited IRA, you may either need to take annual distributions no matter what age you are when you open the account or may be required to fully distribute the assets in the account within a specified number of years, or in some cases a combination of both.

Can an eligible designated beneficiary use inherited IRA distribution rules?

Generally, an eligible designated beneficiary may use the lifetime distribution rules that were in effect prior to 2020 and are specified in the "For an inherited IRA received from a decedent who passed away before January 1, 2020" section below. We can help you calculate the RMD on an inherited IRA using the online Inherited RMD Calculator .

Can a beneficiary distribute inherited IRA assets after the owner dies?

Any individual beneficiary may elect to distribute the inherited IRA assets over the five years following the owner's death. The distribution must be completed by the end of the year containing the fifth anniversary of the owner's death.