Guide Last Updated 12/1/2023

As of 4/17/2024: On 04/16/2024, the IRS released Notice 2024-35 announcing further relief for inherited IRA RMDs subject to the 10-year rule for 2024. No penalties will be assessed for missed annual RMDs in 2024 if under the 10-year rule. Final regulations have not yet been given and will apply no earlier than 2025.

**This guide has been updated to incorporate new changes made by The SECURE Act 2.0 that are effective for the 2024 year. Any SECURE Act 2.0 changes that are effective for 2025 will be incorporated into this guide at the start of the 2025 year.

There are a few options a client can consider when they inherit a traditional IRA from a non-spouse. The key consideration for most clients is the timing of distributions from the account, but the rules and implications of each option can be confusing.

To help make the analysis easier, we have created the “Can I Delay Distributions From The Traditional IRA I Inherited?” flowchart. It addresses common issues that arise when a client inherits a traditional IRA from a non-spouse, including:

• Beneficiary classifications under the new SECURE Act rules
• Distributions under the 10-Year Rule
• RMDs under the Life Expectancy Rule
• Twice-inherited IRAs