2023 Required Minimum Distributions – Due Date
RMDs are required for everyone with IRAs and 401(k)-type accounts (but not defined benefit plans) age 73 or older.
If you inherited an IRA prior to 2020, you are required to take a distribution every year, regardless of age. If you inherited an IRA in 2020 or later, you are still required to take a distribution every year, and you are required to distribute the full balance of the account within 10 years. Ask your advisor about your plan for distributing your inherited IRA.
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