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Inherited IRA withdrawing options

I am a spouse beneficiary of the original IRA or Roth IRA owner.
If you inherited an IRA from your spouse, you have the choice of either moving the money into your own IRA or into an inherited IRA. The RMD rules are different for each choice and there's a limited amount of time you have to make your decision if you want to have all of the below options available to you, so consider your options carefully.^{1, 2}

Spouse Beneficiary	Pre-Required Beginning Date	Post Required Beginning Date
Move your late spouse's IRA to your IRA and take RMDs
Transfer your late spouse's IRA to an Inherited IRA in your name and delay RMDs until your late spouse would have reached age 73
Move your late spouse's IRA to an inherited IRA in your name and begin RMD withdrawals the year following the year of death based on your life expectancy each year.
Move your late spouse's IRA to an inherited IRA in your name and begin RMD withdrawals the year following the year of death over the longer of your life expectancy or your spouse's remaining life expectancy
Move your late spouse's IRA to an inherited IRA in your name and withdraw the balance by December 31st of the year containing the 10th anniversary of their death

1. As a spouse beneficiary you must make an election to either treat inherited assets as your own, moving them into an IRA in your name, or move them into an inherited IRA in your name and chose a withdrawal scheduled that applies to spousal beneficiaries by December 31st of the year following the year of your late spouse’s death. If you do not make a timely election your distribution options may be limited. If you elect not to inherit, the deadline to disclaim is generally within 9 months of your late spouse’s death. Once you have taken ownership of your late spouse’s assets, you are no longer eligible to disclaim. You should contact our tax advisor to learn more.

2. If you've inherited an employer sponsored plan you may have an additional option to calculate RMDs using the uniform life expectancy or the single life expectancy table within your inherited employer sponsored plan.

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Inherited IRA withdrawing options

I am a non-spouse beneficiary of the original IRA owner¹
If you inherit an IRA from an individual and transfer those assets into an inherited IRA or inherited Roth IRA, your distribution requirements will be based on certain factors. The date of the original account owner's death, their age when they passed, your age, relationship to the original account owner, and when you received assets into your inherited IRA will all factor into your withdrawal options.

Non-spouse Beneficiary	Pre-Required Beginning Date⁴	Post Required Beginning Date⁵
Transfer to an Inherited IRA and withdraw the entire account balance by December 31st of the five-year anniversary of the original owner's death. (5-year rule)
Transfer to an Inherited IRA and take required minimum distributions based on the beneficiary’s life expectancy, beginning in the year following the year of the original owner's death, reduced by 1. ^{2, 3}
Transfer to an Inherited IRA and take required minimum distributions based on the longer of the decedent's life expectancy or the beneficiary's life expectancy. ^{2, 3}

1. You must make an election by December 31st of the year following the year of the original depositor’s death. If you do not make a timely election your distribution options may be limited. If you elect not to inherit, the deadline to disclaim is generally within 9 months of the original depositor’s death. Once you have taken ownership of your inherited assets, you are no longer eligible to disclaim. You should contact our tax advisor to learn more.

2. Multiple beneficiaries may require the calculation, in some cases, to be based on the oldest beneficiary’s options for distribution unless an inherited IRA is established by December 31st of the year following the original IRA owner’s death (or by that day all other beneficiaries had either taken their share from the IRA or had disclaimed their interest in the IRA)

3. Roth IRAs do not require original owners to take Required Minimum Distributions. As such, original depositor Roth IRA owners always pass away pre-required beginning date. A non-spouse beneficiary would take required minimum distributions under the 5-year rule or based on single life expectancy.

4. Pre-Required Beginning Date: When the original owner passes away prior to April 1 of the year following the year they reached age 73 (72 prior to January 1, 2023)

5. Post Required Beginning Date: When the original owner passed away on or after April 1 of the year following the year they reached age 73 (72 prior to January 1, 2023)

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Inherited IRA withdrawing options

I am a see-through trust beneficiary of the original IRA owner
If a trust is named as beneficiary and it meets requirements to be a See-Through Trust, the trustee(s) may choose from the following withdrawal options:^{1, 2}

See-through trust beneficiary	Pre-Required Beginning Date³	Post Required Beginning Date⁴
Transfer to an Inherited IRA in the name of the trust and withdraw the entire balance by December 31st of the fifth-year anniversary of the original owner’s death. (5-year rule)⁶
Transfer to an Inherited IRA in the name of the trust and take required minimum distributions based on the oldest beneficiary's life expectancy, beginning in the year following the year of the original owner’s death, reduced by 1.⁶
Transfer to an Inherited IRA in the name of the trust and take withdrawals based on the longer of the oldest trust beneficiary's life expectancy beginning in the year following the year of death reduced by 1, or the original owner's life expectancy in the year of death reduced by 1. ^{5, 6}

1. You will need to make this decision no later than the end of the year following the year of the original depositor's death, If you do not make a timely election and you were one of several primary beneficiaries on the account, your distribution options may be limited. Disclaiming the assets generally must occur within 9 months of the IRA owner's death. Once the beneficiary takes ownership of the inherited assets, disclaiming the assets is no longer possible. You should contact a tax advisor to learn more.

2. A See-Through Trust is a trust meets the following IRS requirements: 1. The trust must be valid under state law. 2. The trust must be irrevocable or become irrevocable upon the death of the account owner. 3. All the trust’s underlying beneficiaries must be identifiable as being eligible to be designated beneficiaries themselves. 4. A Copy of the trust must be provided to the custodian by October 31, the year following the original owner’s death.

3. Pre-Required Beginning Date: The original owner passes away prior to April 1 of the year following the year they reached age 73 (72 prior to January 1, 2023)

4. Post Required Beginning Date: The original owner passed away on or after April 1 of the year following the year they reached age 73 (72 prior to January 1, 2023)

5. Roth IRAs do not require original owners to take Required Minimum Distributions. See-Through Trust beneficiaries may elect to withdraw under the pre-required beginning date rules for inherited Roth assets.

6. These options may not apply for an applicable multi-beneficiary trust that provides trust benefits to a chronically ill or disabled individual. Please consult a tax advisor for those specific rules.

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Inherited IRA withdrawing options

I am a Trust, Estate, or Entity Beneficiary of the original IRA owner
Beneficiaries of an entity, charity, or non-qualifying (non-see through) trust have the following withdrawal options:¹

Non-qualifying Trust, Estate, or Entity Beneficiary	Pre-Required Beginning Date³	Post Required Beginning Date⁴
Transfer to an Inherited IRA in the name of the trust, estate or entity and withdraw the entire balance by December 31st of the fifth-year anniversary of the original owner's death. (5-year rule)²
Transfer to an Inherited IRA in the name of the trust, estate, or entity and take required minimum distributions using the original owners life expectancy .²

1. You will need to make this decision no later than the end of the year following the year of the original depositor's death, If you do not make a timely election and you were one of several primary beneficiaries on the account, your distribution options may be limited. Disclaiming the assets generally must occur within 9 months of the IRA owner's death. Once the beneficiary takes ownership of the inherited assets, disclaiming the assets is no longer possible. You should contact a tax advisor to learn more.

2. Trust, Estate & Entity beneficiaries of Roth IRAs must elect to withdraw under the pre-required beginning date rules for inherited Roth assets.

3. Pre-Required Beginning Date: The original owner passes away prior to April 1 of the year following the year they reached age 73 (72 prior to January 1, 2023)

4. Post Required Beginning Date: The original owner passed away on or after April 1 of the year following the year they reached age 73 (72 prior to January 1, 2023)

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Inherited IRA withdrawing options

I'm a spouse beneficiary of the original IRA owner and the only beneficiary on their account. I inherited my account timely or untimely:

If you inherited an IRA from a spouse, you have the choice of either moving the money into your own IRA or into an inherited IRA. The RMD rules are different for each choice and there's a limited amount of time you must make your decision if you want to have all the below options available to you, so consider your options carefully.¹ Surviving spouse can elect to be treated as the employee and to use the Uniform Life Table instead of the Single Life Table.

	Choose one of these options for withdrawal if you inherited timely		Choose one of these options for withdrawal if you did not inherit timely
Spouse Beneficiary	Pre-Required Beginning Date^{1, 2}	Post Required Beginning Date¹	Pre-Required Beginning Date	Post Required Beginning Date
Move your late spouse's IRA to your IRA
Move your late spouse's IRA to an Inherited IRA in your name and delay taking RMDs until your late spouse would've turned 73²
Move your late spouse's IRA to an Inherited IRA in your name and begin taking RMDs the year following the year of their passing
Move your late spouse's IRA to an Inherited IRA in your name and withdraw the balance by December 31st of the year containing the 10th anniversary of their passing
Move your late spouse's IRA to an Inherited IRA in your name. Withdraw an RMD from the account based on the longer of the beneficiary's age or the age of the original owner in the year of their death using the Single Life Expectancy table in each of the first 9 years since the original depositor's passing. Withdraw the balance of the account by December 31st of the year containing the 10th anniversary of their passing.

1. You will need to make this decision no later than the later of the end of the calendar year in which the original owner would have turned 73, or the end of the calendar year following the calendar year of the IRA owner’s death. If you do not make a timely election after your spouse passed away, you must move their IRA into an Inherited IRA in your name.

2. If you've inherited a workplace plan, such as a 401(k), within the year following the year in which the original owner passed away, you may be able to leave inherited assets in the plan and be treated as if you were the original account owner for RMD purposes, and calculate RMDs using the Uniform Life Expectancy table.

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Inherited IRA withdrawing options

I'm a non-spouse or non-eligible designated beneficiary of the original IRA owner and the only beneficiary on their account. I inherited my account timely or untimely:

As a non-spouse, non-eligible designated beneficiary, you're required to transfer the balance of the original depositor's IRA into an Inherited IRA in your name. You have the following withdrawal options available to you:

	Choose one of these options for withdrawal regardless of timely or untimely inheritance
Non-Spouse, Non-eligible Designated Beneficiary	Pre-Required Beginning Date	Post Required Beginning Date
Move inherited assets into an inherited IRA in your name and withdraw the balance by December 31st of the year containing the 10th anniversary of the original depositor's death
Move inherited assets into an Inherited IRA in your name. Calculate and withdraw an RMD based on the longer of single life expectancy of the beneficiary or the original account owner in each of the first 9 years since the original depositor's passing. Withdraw the balance of the account by December 31st of the year containing the 10th anniversary of their passing.^{1, 2}

1. Withdrawal options for non-spouse, non-EDB are the same whether they are the sole primary beneficiary on the original depositor's IRA or they are one of many primary beneficiaries, all of which are non-EDB.

2. If you didn't move your inherited assets into an Inherited IRA in your name in a timely manner, you may have missed taking an RMD in one or more of the years of the 10-year time period you have to completely draw your account down to zero. Consult with a tax advisor to learn if and how you need to satisfy a missed RMD in this situation.

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Inherited IRA withdrawing options

I am eligible designated beneficiary of the original IRA owner and the only beneficiary on their account. I inherited my account timely or untimely:

As an eligible designated beneficiary, you must transfer inherited assets into an Inherited IRA in your name. Withdrawal options from your Inherited IRA are as follows:

	Choose one of these options for withdrawal regardless of timely or untimely inheritance
Eligible Designated Beneficiary	Pre-Required Beginning Date	Post Required Beginning Date
Move inherited assets into and Inherited IRA in your name and begin taking RMDs the year following the year the original depositor passed away based on your, or, in certain cases, the original owner's life expectancy.		²
Move inherited assets into and Inherited IRA in your name and withdraw the balance by December 31st of the year containing the 10th year anniversary of the original depositor's passing.
Move inherited assets into an Inherited IRA in your name. Withdraw an RMD from the account in each of the first 9 years since the original depositor's passing. Withdraw the balance of the account by December 31st of the year containing the 10th anniversary of their passing.¹		³

1. If you didn't move your inherited assets into an Inherited IRA in your name in a timely manner, you may have missed taking an RMD in one or more of the years of the 10-year time period you have to completely draw your account down to zero. Consult with a tax advisor to learn if and how you need to satisfy a missed RMD in this situation.

2. As an eligible designated beneficiary you may use the longer of your life expectancy or the life expectancy of the original owner. If you elect to use the age of the original owner to calculate RMDs, the full balance of the account must be distributed when your life expectancy factor as the beneficiary is less than or equal to 1.

3. As an eligible designated beneficiary you may use the longer of your life expectancy or the life expectancy of the original owner when calculating RMDs in years 1-9 of your 10 year withdrawal period.

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Inherited IRA withdrawing options

I'm an eligible designated beneficiary (minor child) of the original IRA owner and the only beneficiary on their account. I inherit my account timely or untimely:

As an eligible designated beneficiary (minor child), you must transfer inherited assets into an Inherited IRA in your name. Withdrawal options from your Inherited IRA are as follows:

	Choose one of these options for withdrawal if you inherited timely		Choose one of these options for withdrawal if you did not inherit timely
Eligible Designated Beneficiary (Minor Child)	Pre-Required Beginning Date	Post Required Beginning Date²	Pre-Required Beginning Date¹	Post Required Beginning Date^{1, 2}
Move inherited assets into an Inherited IRA in your name and begin taking RMDs based on your life expectancy up to age 30, and a complete withdrawal of assets in the account by December 31st of the year in which you turn 31.¹
Move inherited assets into and Inherited IRA in your name and withdraw the balance by December 31st of the year containing the 10th anniversary of the original depositor's passing.
Move inherited assets into an Inherited IRA in your name. Withdraw an RMD from the account based on the longer of the beneficiary's age or the age of the original owner in the year of their death using the Single Life Expectancy table in each of the first 9 years since the original depositor’s passing. Withdraw the balance of the account by December 31st of the year containing the 10th anniversary of their passing.¹

1. If you didn't move your inherited assets into an Inherited IRA in your name in a timely manner, you may have missed taking an RMD in one or more of the years of the 10-year time period you have to completely draw your account down to zero. Consult with a tax advisor to learn if and how you need to satisfy a missed RMD in this situation.

2. If the original owner of the account you inherited passed away after their required beginning date and did not satisfy their RMD in the year they passed, you may be responsible for taking all or part of their RMD.

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Inherited IRA withdrawing options

I'm a spouse beneficiary of the original IRA owner, there are additional non-eligible designated beneficiaries on the original depositor's account, and I inherited my account timely or untimely:

If you inherited an IRA from a spouse, you have the choice of either moving the money into your own IRA or into an inherited IRA. The RMD rules are different for each choice and there's a limited amount of time you have to make your decision if you want to have all of the below options available to you, so consider your options carefully¹

	Choose one of these options for withdrawal if you inherited timely		Choose one of these options for withdrawal if you did not inherit timely
Spouse Beneficiary	Pre-Required Beginning Date	Post Required Beginning Date^{1, 2, 3}	Pre-Required Beginning Date	Post Required Beginning Date^{1, 2, 3}
Move your late spouse's IRA to your IRA
Move your late spouse's IRA to an Inherited IRA in your name and delay taking RMDs until your late spouse would've turned 73⁵
Move your late spouse’s IRA to an Inherited IRA in your name and begin taking RMDs the year following the year of their passing		⁴		⁴
Move your late spouse's IRA to an Inherited IRA in your name and withdraw the balance by December 31st of the year containing the 10th anniversary of their passing
Move your late spouse's IRA to an Inherited IRA in your name. Withdraw an RMD from the account based on the longer of the beneficiary’s age or the age of the original owner in the year of their death using the Single Life Expectancy table in each of the first 9 years since the original depositor’s passing. Withdraw the balance of the account by December 31st of the year containing the 1oth anniversary of their passing.		²		²

1. You will need to make this decision no later than the end of the year following the year of the original depositor’s death. If you do not make a timely election and you were one of several primary beneficiaries on the account, your distribution options may be limited. You should contact a tax advisor to learn more.

2. If you didn't move your inherited assets into an Inherited IRA in your name in a timely manner, you may have missed taking an RMD in one or more of the years of the 10-year time period you have to completely draw your account down to zero. Consult with a tax advisor to learn if and how you need to satisfy a missed RMD in this situation.

3. If the original owner of the account you inherited passed away after their required beginning date and did not satisfy their RMD in the year they passed, you may be responsible for take all or part of their RMD.

4. As a spouse beneficiary you may use the longer of your life expectancy or the life expectancy of the original owner. If you elect to use the age of the original owner to calculate RMDs, the full balance of the account must be distributed when your life expectancy factor as the beneficiary is less than or equal to 1.

5. If you've inherited a workplace plan, such as a 401(k), within the year following the year in which the original owner passed away you may be able to leave inherited assets in the plan and be treated as if you were the original account owner for RMD purposes, and calculate RMDs using the Uniform Life Expectancy table.

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Inherited IRA withdrawing options

I'm a spouse beneficiary of the original IRA owner, named with other eligible designated beneficiaries, and I didn't inherit my account timely:

In this inheritance situation, as a spouse beneficiary, you must move your inherited assets into an Inherited IRA in your name. In addition to making up any missed RMDs (including any by the decedent), withdrawal options from your Inherited IRA are as follows:

Spouse Beneficiary	Pre-Required Beginning Date	Post Required Beginning Date
Move your late spouse's IRA to your own IRA.³
Transfer assets into an Inherited IRA in your name and take RMDs based on the oldest beneficiary's life expectancy.		²
Move inherited assets into an inherited IRA in your name and withdraw the balance by December 31st of the year containing the 10th anniversary of the original depositor's passing.¹
Move inherited assets into an Inherited IRA in your name. Withdraw an RMD from the account based on the longer of the beneficiary's age or the age of the original owner in the year of their death using the Single Life Expectancy table in each of the first 9 years since the original depositor's passing. Withdraw the balance of the account by December 31st of the year containing the 10th anniversary of their passing.^1,2

1. If you didn’t move your inherited assets into an Inherited IRA in your name in a timely manner, you may have missed taking an RMD in one or more of the years of the 10-year time period you have to completely draw your account down to zero. Consult with a tax advisor to learn if and how you need to satisfy a missed RMD in this situation.

2. As a spouse beneficiary you may use the longer of your life expectancy or the life expectancy of the original owner. If you elect to use the age of the original owner to calculate RMDs, the full balance of the account must be distributed when your life expectancy factor as the beneficiary is less than or equal to 1.

3. If you have elected a withdrawal schedule that delayed or did not require an RMD on your inherited assets and are changing your initial election to a scheduled that would've required RMDs, you may need to take the RMDs that would’ve initially been required. Consult with a tax advisor to learn more about hypothetical RMDs and how they are calculated.

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Inherited IRA withdrawing options

I'm a spouse beneficiary of the original IRA owner, with additional beneficiaries, one of which is a minor child of the original depositor, and I didn't inherit my account timely:

In this inheritance situation, as a spouse beneficiary, you must move your inherited assets into an Inherited IRA in your name. Withdrawal options from your Inherited IRA are as follows:

Spouse Beneficiary	Pre-Required Beginning Date	Post Required Beginning Date^{1, 2}
Transfer inherited assets to an inherited IRA in your name and withdrawn RMDs based on the oldest minor child's life expectancy up to when they attain the age of 30, and then completely withdraw from the account by December 31st of the year in which the oldest minor child turns 31.
Transfer inherited assets into an inherited IRA in your name and withdraw the balance by December 31st of the year containing the 10th anniversary of the original depositor's passing.³
Move inherited assets into an Inherited IRA in your name. Withdraw an RMD from the account in each of the first 9 years since the original depositor's passing. Withdraw the balance of the account by December 31st of the year containing the 10th anniversary of their passing.¹

1. If you didn't move your inherited assets into an Inherited IRA in your name in a timely manner, you may have missed taking an RMD in one or more of the years of the 10-year time period you have to completely draw your account down to zero. Consult with a tax advisor to learn if and how you need to satisfy a missed RMD in this situation.

2. If the original owner of the account you inherited passed away after their required beginning date and did not satisfy their RMD in the year they passed, you may be responsible for take all or part of their RMD.

3. If you have elected a withdrawal schedule that delayed or did not require an RMD on your inherited assets and are changing your initial election to a scheduled that would've required RMDs, you may need to take the RMDs that would’ve initially been required. Consult with a tax advisor to learn more about hypothetical RMDs and how they are calculated.

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Inherited IRA withdrawing options

I'm an eligible designated beneficiary of the original IRA owner named with other eligible designated beneficiaries. I inherited my account timely or untimely:

As a non-spouse beneficiary in this situation, you must transfer inherited assets into an Inherited IRA in your name. Withdrawal options from your Inherited IRA are as follows:

	Choose one of these options for withdrawal if you inherited timely		Choose one of these options for withdrawal if you did not inherit timely
Beneficiary Options	Pre-Required Beginning Date	Post Required Beginning Date^1,2	Pre-Required Beginning Date	Post Required Beginning Date^1,2
Move inherited assets into an Inherited IRA in your name and begin taking RMDs the year following the year the original depositor passed away based on the oldest beneficiary's life expectancy.		³
Move inherited assets into an Inherited IRA in your name and withdraw the balance by December 31st of the year containing the 10th year anniversary of the original depositor's passing.
Move inherited assets into an Inherited IRA in your name. Withdraw an RMD, calculated using the shorter of the original depositor's life expectancy or the oldest beneficiary's life expectancy, from the account in each of the first 9 years since the original depositor's passing. Withdraw the balance of the account by December 31st of the year containing the 10th anniversary of their passing.¹

1. If you didn't move your inherited assets into an Inherited IRA in your name in a timely manner, you may have missed taking an RMD in one or more of the years of the 10-year time period you have to completely draw your account down to zero. Consult with a tax advisor to learn if and how you need to satisfy a missed RMD in this situation.

2. If the original owner of the account you inherited passed away after their required beginning date and did not satisfy their RMD in the year they passed, you may be responsible for take all or part of their RMD.

3. RMDs for this option are to be calculated based on the longer of the beneficiary's age or the age of the original owner in the year of their death using the Single Life Expectancy table.

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Inherited IRA withdrawing options

I'm an eligible designated beneficiary with other eligible designated beneficiaries, one of which is a minor child, and I didn't inherit timely.¹

In this situation, you must transfer inherited assets into an Inherited IRA in your name. Withdrawal options from your Inherited IRA are as follows:

Beneficiary Options	Pre-Required Beginning Date	Post Required Beginning Date^2,3
Move inherited assets into an inherited IRA in your name and take RMDs based on the longer of the oldest minor's life expectancy, or the decedent's remaining life expectancy up to when the oldest beneficiary reaches the age of 30 and completely withdraw the account by December 31st of the year in which the oldest minor reaches age 31.
Move inherited assets into and Inherited IRA in your name and withdraw the balance by December 31st of the year containing the 10th year anniversary of the original depositor's passing.
Move inherited assets into an Inherited IRA in your name. Withdraw an RMD from the account, calculated based on the longer of the decedent's remaining life expectancy or the oldest minor's life expectancy, in each of the first 9 years since the original depositor's passing. Withdraw the balance of the account by December 31st of the year containing the 10th anniversary of their passing.

1. If you did not inherit timely you must refer back to the beneficiaries remaining on the original owner's account as of September 30th of the year following the year of death to determine your distribution schedule. Beneficiaries that inherit untimely must use the shortest life expectancy of the remaining beneficiaries on the original depositor's IRA when determining their withdrawal schedule.

2. If you didn't move your inherited assets into an Inherited IRA in your name in a timely manner, you may have missed taking an RMD in one of first years of the 10-year time period you have to completely draw your account down to zero. Consult with a tax advisor to learn if and how you need to satisfy a missed RMD in this situation.

3. If the original owner of the account you inherited passed away after their required beginning date and did not satisfy their RMD in the year they passed, you may be responsible for take all or part of their RMD.

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Inherited IRA withdrawing options

I'm an estate entity, non-see through trust of original depositor's IRA:

In this inheritance situation, withdrawal options are as follows:

Estate or Non-See Through Trust Beneficiary	Pre-Required Beginning Date	Post Required Beginning Date
Move inherited assets into an inherited IRA in the name of the estate or non-see through trust and withdraw the balance by December 31st of the year containing the 5th anniversary of the original depositor's death
Move inherited assets into an Inherited IRA in the name of the estate or non-see through trust and begin taking RMDs the year following the year of the original depositor death using their age in the year they passed away.

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Inherited IRA withdrawing options

I'm the trustee of a non-see through trust that is the only beneficiary of the original depositor's account:

As a non-see through trust beneficiary, the following withdrawal schedules are available for your account:

Non-See-Through Trust Beneficiary	Pre-Required Beginning Date	Post Required Beginning Date
Move inherited assets into an inherited IRA in the name of the trust and withdraw the balance by December 31 of the year containing the 5th anniversary of the original depositor's passing.
Move inherited assets into an Inherited IRA in the name of the trust and begin taking RMDs the year following the year of the original depositor's death using the original owner's life expectancy in the year they passed away reduced by 1 annually.

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Inherited IRA withdrawing options

I am the trustee of a see through trust that was the only beneficiary of the original owner's account and there is a single beneficiary of the trust.

Inherited IRA assets are transferred to an Inherited IRA in the name of the trust. Withdrawal options for the trust inherited IRA are as follows:

See-Through Trust with a single trust beneficiary	Pre-Required Beginning Date	Post Required Beginning Date
If the trust's beneficiary is not an eligible designated beneficiary (EDB), withdraw the entire balance by December 31st of the year containing the 10th anniversary of the original owner's passing.¹
If the trust's beneficiary is not an EDB, take RMD withdrawals using the longer of the original owner's age or the age of the trust's beneficiary reduced by 1 annually, in the year of death, in years 1-9 and fully deplete the balance of the account by December 31st of the year containing the 10th anniversary of the original owner's death.¹
If the trust's beneficiary is the original owner's spouse, less than 10 years younger than the original owner, a chronically ill or disabled eligible designated beneficiary, take RMDs using the beneficiary's life expectancy in the year following the year of death reduced by 1 annually.^{2, 3, 4}
If the trust's beneficiary is the original owner's spouse, less than 10 years younger than the original owner, a chronically ill or disabled eligible designated beneficiary, take RMDs using the longer of the beneficiary's life expectancy in the year following the year of death of the original owner's life expectancy in the year of death, reduced by 1 annually. ^{2, 3, 4}
If the trust’s beneficiary is a minor child of the original owner EDB, take RMD withdrawals until the minor reaches age 30, and fully deplete the account by December 31st of the year the minor beneficiary reaches age 31. ^{1, 5}
If the only beneficiary of the trust is a charity or entity, fully deplete the balance of the inherited IRA by December 31 of the year containing the 5th anniversary of the original owner's death
If the only beneficiary of the trust is a charity or entity, begin taking RMDs the year following the year the original owner passed away using the original account owner's age in the year of death reduced by 1 annually.

1. A see through trust is a trust that meets the following requirements: 1. The trust must be valid under state law 2. The trust must be irrevocable or become revocable upon the death of the account owner 3. All of the trust's beneficiaries must be identifiable as eligible to be designated beneficiaries 4. A copy of the trust must be provided to the custodian by October 31 of the year following the original owner's death.

2. Eligible designated beneficiary is spouse, minor child of the original depositor, disabled, chronically ill, or person that is not more than 10 years younger, beneficiary of the original owner's account. A Non-eligible designated beneficiary is an individual who is not an eligible designated beneficiary

3. Some inherited IRAs may be required to be fully depleted in less than 10 years. If the original owner’s life expectancy factor from the IRS Single Life Expectancy table is less than 10 in the year RMDs for the trust are required to begin, the full account balance must be withdrawn by December 31st of the year the factor is less than equal to 1.

4. If the sole beneficiary of the trust is the spouse of the original owner, they may delay RMDs until the year the original owner would be required to take RMDs or until they reach RMD age.

5. A minor child may use the longer of their life expectancy or the life expectancy of the original owner if the original owner passed away after reaching their RBD. This example assumes the original owner will always have a shorter life expectancy than their minor child.

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Inherited IRA withdrawing options

I am the trustee of a see-through trust that was the only beneficiary of the original owner's account and there are multiple trust beneficiaries.

Inherited assets are transferred to an Inherited IRA in the name of the trust. Withdrawals options for the trust inherited IRA are as follows:

See-through trust with multiple trust beneficiaries	Pre-Required Beginning Date	Post Required Beginning Date
If no trust beneficiaries are eligible designated beneficiaries (EDB). Withdraw the entire balance by December 31st of the year containing the 10th anniversary of the original owner's passing.^{1, 2}
If no trust beneficiaries are EDBs, take RMDs using the longer of the oldest trust beneficiary's life expectancy the year following the year of death or the original owner's life expectancy in the year of death reduced by 1 annually, in years 1-9 and withdraw the full balance of the account by December 31 of the year containing the 10th anniversary of the original owner's death.^{1, 2}
If the trust beneficiaries include minor children of the original owner, take RMD withdrawals using the longer of the oldest minor beneficiary's age or the age of the original owner in the year of death until the oldest minor child reaches age 30 and fully deplete the account by December 31 of the year the oldest minor beneficiary reaches age 31.^{1, 2, 3}
If a trust's beneficiaries are eligible designated beneficiaries, take RMD withdrawals using the age of the oldest trust beneficiary.⁴
If a trust beneficiary is a spouse or an individual that is not more than 10 years younger than the original owner, take RMDs use the life expectancy of the oldest trust beneficiary of the original owner, which ever is longer.^{5, 6}
If one of the beneficiaries of the trust is a charity or entity, fully deplete the balance of the inherited IRA by December 31 of the year containing the 5th anniversary of the original owner's death.
If one of the beneficiaries of the trust is a charity or entity, begin taking RMD withdrawals the year following the year the original owner passes away using the original account owner's age in the year of death

1. A see through trust is a trust that meets the following requirements: 1. The trust must be valid under state law 2. The trust must be irrevocable or become revocable upon the death of the account owner 3. All of the trust's beneficiaries must be identifiable as eligible to be designated beneficiaries 4. A copy of the trust must be provided to the custodian by October 31 of the year following the original owner's death.

2. Eligible designated beneficiary is spouse, minor child of the original depositor, disabled, chronically ill, or person that is not more than 10 years younger, beneficiary of the original owner's account. A Non-eligible designated beneficiary is an individual who is not an eligible designated beneficiary.

3. The information does not represent the withdrawal options for an applicable multi-beneficiary trust or an accumulation trust. As a trustee of an applicable multi beneficiary or accumulation trust, you should work with your attorney or qualified tax professional to determine the appropriate withdrawal schedule for your account.

4. A non-see-though trust is a trust that does not meet the requirements to be treated as a see though trust.

5. Some inherited IRAs may be required to be fully depleted in less than 10 years. If the original owner's life expectancy factor from the IRS Single Life Expectancy table is less than 10 in the year RMDs for the trust are required to begin, the full account balance must be withdrawn by December 31st of the year the factor is less than equal to 1.

6. If an EDB is older than the original account owner, the full account balance must be withdrawn by December 31 of the year the EDB's life expectancy factor would be equal to or less than 1, if their life expectancy was not used to calculate the RMD

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Inherited IRA withdrawing options

I'm a non‐spouse, non‐eligible designated beneficiary of the original owner with other non‐spouse, non‐eligible designated beneficiaries. I inherited my account timely.

As a non‐spouse, non‐eligible designated beneficiary, you’re required to transfer the applicable balance of the original depositor’s IRA into an inherited IRA in your name. You have the following withdrawal options available to you:

Non‐Spouse, Non‐Eligible Designated Beneficiary.¹	Pre-Required Beginning Date	Post-Required Beginning Date
Move inherited assets into an inherited IRA in your name and withdraw the balance by December 31st of the year containing the 10th anniversary of the original owner’s death.
Move inherited assets into an inherited IRA in your name. Calculate and withdraw an RMD based on the longer of single life expectancy of the beneficiary or the original account owner in each of the first 9 years since the original depositor’s passing. Withdraw the balance of the account by December 31st of the year containing the 10th year anniversary of their passing.

1. If the account was inherited timely, withdrawal options for non‐spouse, non‐EDB are the same whether they are the sole primary beneficiary on the original depositor’s IRA or they are one of many primary beneficiaries of which all are non‐ EDBs.

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Inherited IRA withdrawing options

I'm a non‐spouse, non‐eligible designated beneficiary of the original owner with other non‐spouse, non‐eligible designated beneficiaries. I didn't inherit my account timely.

As a non‐spouse, non‐eligible designated beneficiary, you're required to transfer the applicable balance of the original depositor's IRA into an inherited IRA in your name. You have the following withdrawal options available to you:

Non‐Spouse, Non‐Eligible Designated Beneficiary.	Pre-Required Beginning Date	Post-Required Beginning Date
Move inherited assets into an inherited IRA in your name and withdraw the balance by December 31st of the year containing the 10th anniversary of the original owner's death.
Move inherited assets into an inherited IRA in your name. Calculate and withdraw an RMD based on the longer of: single life expectancy of the oldest designated beneficiary listed on the original IRA owner's account or the remaining life expectancy of the original account owner in each of the first 9 years since the original depositor's passing. Withdraw the balance of the account by December 31st if the year containing the 10th year anniversary of their passing ^(1,2,3).

1. If you didn’t move your inherited assets into an inherited IRA in your name in a timely manner, you must calculate RMD withdrawals using the age of the oldest beneficiary on the account as of September 30th of the year following the year of the original owner’s death.

2. If the oldest beneficiary is older than the original account owner, you will be required to withdraw the full balance of your inherited IRA in the year their life expectancy factor is less than or equal to one.

3. If you didn’t move your inherited assets into an inherited IRA in your name in a timely manner, you may have missed taking an RMD in one or more of the years of the 10‐year period. You would need to make catch‐up distributions for the missed years, and potentially owe the IRS a penalty. Consult a tax advisor to learn if and how you need to satisfy a missed RMD in this situation.

Mutual Funds and Mutual Fund Investing - Fidelity Investments

Withdrawing from an inherited IRA

Do RMDs apply to inherited IRAs?

Important terms and definitions

When did the original depositor pass away?

On or before 12/31/2019

On or after 01/01/2020

On or before 12/31/2019

I am a spouse beneficiary of the original IRA owner.

I am a non-spouse, family member or friend who's named as a beneficiary of the original IRA owner.

I am a see-through trust beneficiary of the original IRA owner and qualify as a see-through trust.

I am a Trust, Estate, or Entity Beneficiary of the original IRA owner.

On or after 01/01/2020

I'm a spouse beneficiary AND the only beneficiary on the original depositor's IRA.

I'm a non-spouse, non-eligible designated beneficiary AND the only beneficiary on the original depositor's IRA.

I'm a non‐spouse, non-eligible designated beneficiary of the original owner with other non-spouse, non‐eligible designated beneficiaries.

I'm a non‐spouse, non-eligible designated beneficiary of the original depositor with other non-spouse, non‐eligible designated beneficiaries.

I'm an eligible designated beneficiary AND the only beneficiary on the original depositor's IRA.

I'm an eligible designated beneficiary (Minor Child of the original depositor) AND the only beneficiary on the original depositor's IRA.

I'm a spouse beneficiary with other beneficiaries on the original depositor's IRA.

I'm a spouse beneficiary with other, eligible designated beneficiaries on the original depositors IRA.

I'm a spouse beneficiary with other beneficiaries, one of which is a minor child of the original depositor.

I'm a non-spouse beneficiary with eligible designated beneficiaries of the original depositor's IRA.

I'm an eligible designated beneficiary with other eligible designated beneficiaries, one of which is a minor child.

I'm an estate entity, non-see-through trust beneficiary of the original depositor's IRA.

I'm a trustee of a non-see-through trust that is the only beneficiary on the original depositor's IRA.

I'm a trustee of a see-through trust with a single trust beneficiary that is the only beneficiary on the original depositor's IRA.

I'm a trustee of a see-through trust that was the only beneficiary of the original owner's account and there are multiple beneficiaries.

FAQs

Additional resources

IRA Beneficiary Distribution Options Tool

Inherited IRA RMD Calculator

Retirement planning

Fidelity Viewpoints®

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