Can my children wait until they attain age 70 ½ before taking Required Minimum Distributions from an IRA they inherit from me? No, children must begin taking RMDs the year after you pass away, and the time within which they must take out all of their shares of your IRA may be shortened if the “Secure Act” is passed by Congress and signed by the President. Careful planning on this subject should be carried out with your estate planning attorney.
-Attorney Jack N. Alpern
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