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Should Your Client Tap Their Inherited IRA in 2024?
Expert Opinion May 01, 2024 at 11:42 AM
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What You Need To Know
- The IRS' ever-evolving guidance on when RMDs must be taken from these accounts under the Secure Act has created confusion.
- The tax liability can be substantial in some cases where the beneficiary is subject to the 10-year rule.
- One option is to withdraw an equal amount for each of the 10 years to avoid a lump-sum distribution.
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