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IRS Waives the 50% Excise Tax for 2021 and 2022 RMDs for Some Beneficiaries
Appleby Retirement Dictionary 
[Guidance Overview] Oct. 12, 2022 "SECURE Act language regarding the 10-year rule led many to believe that there are no annual RMD obligations under the 10-year rule, and the only requirement is that the inherited account must be fully distributed by the end of the tenth year....According to the proposed RMD regulations, qualifying beneficiaries who inherited retirement accounts in 2020 have RMD obligations for 2021 and every year after. And qualifying beneficiaries who inherited retirement accounts in 2021 have RMD obligations for 2022 and every year after." [Article includes 3 detailed case studies.] |
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