If you inherit ira or retirement account is it an rmd when account is cashed in and paid out to beneficiary ?
Yes, the RMD is the required MINIMUM amount that the decedent was required to withdraw from the account for the year- if you withdrew all the money you fulfilled the RMD requirement. Sorry for you loss.
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If you inherit ira or retirement account is it an rmd when account is cashed in and paid out to beneficiary ?
Yes, the RMD is the required MINIMUM amount that the decedent was required to withdraw from the account for the year- if you withdrew all the money you fulfilled the RMD requirement. Sorry for you loss.
**Say "Thanks" by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer"
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