Inherited or (beneficial) IRA’s can be a complicated animal when you try to determine IRS requirements for taking money out.  Mercer Advisors created this great summary graphic that helps you understand your obligations based on when you inherited and whether you are a spousal beneficiary or non-spouse beneficiary (child, friend, etc)

https://www.merceradvisors.com/wp-content/uploads/2024/10/RMD-for-Inherited-Retirement-Accounts-Flowchart.pdf

If you are still confused, give me a call!

 

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James A. Daniel

James A. Daniel - Financial Planner

CFP, CFA, CMT

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