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Retirement tax questions
@kevermurray - as a little background.... a number of folks who inherited these IRA recently (or are going to over the next years) were 'ticked off' that the SECURE ACT reduced the time to liquidate these inherited IRAs from the beneficiary's remaining life expectancy to just 10 years.
Then the IRS placed even more 'salt on the wound' by saying that if your parent passed away after they were obligated to RMDs, not only do you only have 10 years to liquidate the IRA, but you have your own RMD obligation to content with!
‎December 9, 2022
8:03 PM