Last week, we spoke about RMDs and we were then asked to take it a step further and talk about the issue of leaving an IRA to beneficiaries once you have begun to take your annual distributions. With an Inherited IRA, you may either need to take annual distributions no matter what age you were when you acquired the account, or you may be required to fully distribute the assets in the account within a specified number of years, or in some instances, a combination of both. There are nuances if you’ve simply transferred another IRA to your own IRA, and also for those situations where the IRA account holder died after 2019. Call us if you find yourself in any of these situations and we can help you determine what the requirements and options may be, so you can decide what course of action is in your best interest. We’re always here to help.