Retirement tax questions

@libbyandperry same advise: 

 

first, for deaths in 2024, you have until the end of 2025 to take the RMD without penalty, so you are good here.  Same for the newly discovered IRA. 

 

And yes, you are required to take the first of your 10 inherited RMDs in 2025.  The calculation is based on your life, so the RMD should be a lot lower than what your parent was required to take; however, you must distribute everything by the end of 2034.