Inherited IRAs -- August 8, 2023

Locator: 45387TAXES.

This is about as clear as one can get.

Non-spouse inheritors (typical: baby boomer inherits an IRA from a parent of the greatest generation):

• key date unchanged: December 31, 2019.
• inherited before key date: RMDs required; 10-year rule DOES NOTE apply; can stretch
• inherited after key date: RMDs still waived; 10-year rule DOES apply; cannot stretch

Exceptions apply.

From this week's issue of Barron's.