Essential Rules and Strategies for Maximizing Inherited IRA Distributions

On the other hand, if the account holder dies before their required beginning date, you have to begin annual distributions based on your own age, and the account must be fully distributed by the end of year 10. That's big. That's something that I don't hear talked about. You can't just turn off the faucet on the required RMDs and wait till 10 years to do it. You have to begin doing annual distributions based on your own age. And there are tables that the IRS publishes that you can go figure out what the factor is, multiply, and that tells you how much you have to take. If the account holder didn't take their first distribution, though, in the year that they died, you have to take it immediately.