RMD Rules For Inherited IRAs options for spouses, non-spouses, and entities Fidelity New Life Expectancy Tables beginning 1/1/22
The IRS implemented new Life Expectancy Tables on January 1, 2022, for use in calculating required minimum distributions from accounts that qualify. Please ensure that you're referring to the most current tables when calculating your RMD, which can be found , under "Calculating and taking your RMD", or refer to the updated for inherited IRA RMDs.

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RMD rules for inherited IRAs

When you inherit an IRA, many of the IRS rules for required minimum distributions (RMDs) still apply. However, there may be additional rules based on your relationship to the deceased original owner.

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. Additionally, there is no 10% withdrawal penalty, so it's also something to consider if you need immediate access to cash. . If the original account owner died on or after January 1, 2020, in most cases you will need to fully distribute your account within 10 years following the death of the original owner. However, there are exceptions if you are considered an eligible designated beneficiary. Eligible designated beneficiaries include a minor child of the original account owner, a disabled or chronically ill individual, or any other person who is not more than 10 years younger than the deceased account holder. If you are an eligible designated beneficiary, you can still withdraw RMDs based on your age. of the IRA owner. If the owner was younger than 72, the assets must be completely distributed by December 31 of the 5th year containing the anniversary of the IRA owner's death. Consult your tax advisor to determine if an exemption may apply to the trust.

How Fidelity can help you plan

If you are have an inherited IRA, we can help you:
Create a holistic financial plan using our . Our experienced advisors can help you create a plan and adjust your portfolio. . Understand .
Call us at 800-343-3548 anytime—we are always happy to help.

Some related IRA topics

If you are the spouse of an IRA owner who has named you as a beneficiary, here's what you need to know. Make sure you aren't overlooking some strategies and potential tax benefits. See how moving certain assets from IRAs to Roth IRAs may help save on taxes. Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation. Fidelity Brokerage Services LLC, Member NYSE, , 900 Salem Street, Smithfield, RI 02917 627742.9.2

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Automatic Withdrawals – Inherited IRA

You can either complete this task online, or download a PDF to print, fill out and mail.

Open an account

Choose a Traditional or Roth IRA, according to the type of IRA you have inherited:

Open an Inherited IRA

Open an Inherited Roth IRA

Example of transferring to Inherited IRA deceased spouse older than age 70½

Example of transferring to Inherited IRA deceased spouse younger than age 70½

Example of a surviving child establishing an Inherited IRA by December 31 of the year following the parent s death

Example of a surviving child not separating in a timely manner

Example of a surviving child establishing an Inherited Roth IRA in a timely manner

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Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
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