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Inherited IRA

Age 66, retired January 2023 living on savings.  Inherited IRA from mom who passed 12/21.  When do I have to start taking minimum or do I have 10 years to deplete. total amount.  I plan to start social security when I turn 66.6 in March 2023 and have a small pension $800.00/mo that I can access at any time.

Thank you .


2 Replies
Holly W1
Employee Tax Expert

Inherited IRA

Hi @Pickles4 

Thank you so much for joining us today, we are so happy you are here!

Congratulations on retiring and I am so sorry to hear about your mom's passing.  

With your inherited Ira, here are you options.....

Non-spouse beneficiary options

In 2020 and later, options for a beneficiary who is not the spouse of the deceased account owner depend on whether they are an "eligible designated beneficiary." An eligible designated beneficiary is

  • Spouse or minor child of the deceased account holder
  • Disabled or chronically ill individual
  • Individual who is not more than 10 years younger than the IRA owner or plan participant

An eligible designated beneficiary may

  • Take distributions over the longer of their own life expectancy and the employee's remaining life expectancy, or
  • Follow the 10-year rule (if the account owner died before that owner's required beginning date)

Designated beneficiary (not an eligible designated beneficiary)

  • Follow the 10-year rule

Beneficiary that is not an individual

  • Follow the rules described above as if the account owner died before 2020 (because the SECURE Act changes only apply to beneficiaries who are individuals)


5-year rule: If a beneficiary is subject to the 5-year rule,

  • They must empty account by the end of the 5th year following the year of the account holders' death
  • 2020 does not count when determining the 5 years
  • No withdrawals are required before the end of that 5th year

10-year rule: If a beneficiary is subject to the 10-year rule,

  • Empty the entire account by the end of the 10th year following the year of the account owner's (or eligible designated beneficiary's) death
  • Relief under Notice 2022-53 for beneficiaries subject to the 10-year rule


I hope this is helpful and let me know if you have any other questions.



Holly W

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Level 15

Inherited IRA

Because your mother died after her required beginning date for RMDs, the proposed regulations from the IRS require you to take RMDs each year based on your Single Life Expectancy in 2022, reduced by 1 each subsequent year.  However, because the IRS has not yet finalized the requirements, the IRS has waived the penalties for not having take the 2022 and 2023 beneficiary RMDs (as well as the 2021 beneficiary RMD for those inheriting from a decedent who died in 2020).  The entire account must be drained by the end of 2032.


If you mother did not complete her 2021 RMD, you are required to have completed her 2021 RMD.

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