re: Inherited IRA Question

A financial advisor could provide specific requirements and recommendations, but be aware that there was also a SECURE 2.0 passed in December, 2022. It was quite vague in their required annual RMD’s for inherited IRA’s, but that was clarified in July, 2023. I suggest you research that, just to help inform your future decisions.

If I am correct, RMD’s were waived for 2021, 2022 and 2023. RMD’s are now required in 2024 and beyond. I do know that RMD’s are painfully taxed at the ordinary income rate. That said, withdrawal decisions usually go way beyond taxes.

As I previously noted, a tax expert should have the accurate details on RMD’s.