Thanks NCperson...
You stated "In 2024, the RMD is based on your daughter's life expectancy from the IRS tables and 2024 is Year 1 of the 10 years she has to liquidate the inherited IRA."
Do I understand correctly?
- In 2024 and beyond, an RMD based on our daughters life expectancy will be required.
- The RMDs based on her life expectancy would not empty the the inherited IRA in 10 years.
- She would need to take more than the RMD to empty it in 10 years.
Thanks again
