Guide Last Updated 12/1/2023

As of 4/1/2024: There is currently a lot of miscommunication online surrounding IRS Notice 2022-53. In this notice, the IRS confirmed its intent to require annual RMDs (in addition to the 10-year rule) for non-eligible designated beneficiaries. However, it’s important to note that this is still only a “proposed regulation”. As of yet, there have been no final regulations on this topic. This flowchart is up-to-date and accurate as is. We are monitoring the situation and will be prepared to promptly update the flowchart once things have been finalized.

**This guide has been updated to incorporate new changes made by The SECURE Act 2.0 that are effective for the 2024 year. Any SECURE Act 2.0 changes that are effective for 2025 will be incorporated into this guide at the start of the 2025 year.

There are a few options a client can consider when they inherit a traditional IRA from a non-spouse. The key consideration for most clients is the timing of distributions from the account, but the rules and implications of each option can be confusing.

To help make the analysis easier, we have created the “Can I Delay Distributions From The Traditional IRA I Inherited?” flowchart. It addresses common issues that arise when a client inherits a traditional IRA from a non-spouse, including:

• Beneficiary classifications under the new SECURE Act rules
• Distributions under the 10-Year Rule
• RMDs under the Life Expectancy Rule
• Twice-inherited IRAs