Taxes
4 months ago
How to handle an inherited IRA — 10-year rule, RMDs, and tax planning
36
My father passed away earlier this year and I inherited his Traditional IRA worth about $180k. I'm 42 (non-spouse beneficiary). I've heard about the SECURE Act's 10-year rule — I have to empty the account within 10 years. Do I have to take RMDs each year within those 10 years, or can I wait and take it all in year 10? The tax implications of a lump sum in year 10 could push me into the 35% bracket. How should I plan the distributions?
DR
Share your answer
Have an answer?
Join the community to share your knowledge and help others.
Ask and answer anonymously
Follow topics you care about
No spam, no sales calls
0 Answers
No answers yet
This question is waiting for someone with the right expertise. You could be the first to help.
More Taxes questions
How do backdoor Roth IRA conversions work in 2026? Any pitfalls?1 ansHow are RSUs taxed and when should I sell them?5 ansShould I convert my Traditional IRA to Roth during a market downturn?5 ansHome office deduction for remote workers — what qualifies and how to calculate it4 ansSection 179 deduction for business vehicles — can I really write off the full cost?3 ans