Inherited IRA 10-Year Rule Enforced
Statements (3)
- Bearish
IRS imposes a 25% penalty on adult children who inherit an IRA and miss a withdrawal within 10 years.
- Neutral
IRS built a rule allowing retirees to take entire IRA obligations from one account while others remain untouched.
- Neutral
SECURE Act requires non-spouse beneficiaries to empty inherited IRA accounts within 10 years.