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IRA Required Minimum Distribution RMD Request Form

IRA Required Minimum Distribution RMD Request Form

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if you were confused with the inherited IRA and taking a required minimum distribution you're not alone even the IRS has still yet to clarify what they intended in 2020 with the secure act so what we've got to look at though is really break this down and help you to understand because in 2024 again they've made some statements of what you can and can't do but they still haven't given us everything so first let's kind of go back to 2019 let's think through before the secure act even started you would have had to take rmds or required minimum distributions based on your life expectancy If you inherited an IRA so that was how it all used to work now since then they've changed this up a bit and they've said well guess what in 2020 if somebody passed away in 2020 and you inherit the IRA you are either an eligible designated beneficiary a designated beneficiary or a non-designated beneficiary so let's look at the

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