Must I use the 5-year rule for my inherited IRA? I inherited it from my 72 year old uncle.
You are subject to the rules that apply when someone dies before the RBD. The RBD is April 1 of the year following the year
nonspouse beneficiary
The surviving beneficiary of an IRA or other retirement account, who is not the account owner’s spouse and is a person.
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Life-Expectancy Rule
Definition A rule under which beneficiaries with inherited retirement accounts (inherited IRAs and employer sponsored retirement plans), must take their required minimum distributions over the
