INHERITED IRA RULES

More good news to start 2025 for recent beneficiaries of inherited IRA accounts. If you inherited an IRA in 2020 or more recently from someone other than a spouse, you do not need to take a required distribution in 2025. The IRS recently extended the time for taking required distributions until 2026 to allow for a full review of all the comments they received about the regulations that were initiated as part of the Secure Act legislation and then updated with proposed regulations in 2024.

We will continue to monitor this legislation for our clients and will help them determine the optimal distribution strategy for their inherited IRAs. If you have any questions about your IRA, or want to maximize the after-tax value of your IRA distributions, please contact us.