Get started
Individual Retirement Account (IRA): Distribution options by beneficiary type
When did the owner of the IRA die ?
Individual Retirement Account (IRA): Distribution options by beneficiary type
After Dec. 31, 2019
A
B
On or before Dec. 31, 2019
Click "Get started" below for distribution options for different beneficiaries based on the death of the original owner.
No
Yes
B
A
Are you the spouse of the deceased?
Individual Retirement Account (IRA): Distribution options by beneficiary type
Rollover to my own IRA
Keep as an inherited IRA
B
A
You can either keep as an inherited IRA or rollover to your own IRA. Which do you choose?
Individual Retirement Account (IRA): Distribution options by beneficiary type
Questions? Contact us.
It is recommended that you take distribution based on your own life expectancy.
Individual Retirement Account (IRA): Distribution options by beneficiary type
No
Yes
B
A
If you are not a spouse of the deceased, are you an eligible designated beneficiary of the deceased (i.e., a minor child of the deceased, a disabled or chronically ill individual or an individual who is not more than ten years younger than the original owner of the IRA)?
Individual Retirement Account (IRA): Distribution options by beneficiary type
Questions? Contact us.
As an eligible, designated beneficiary of the deceased, you will inherit their IRA and you are able to either take distributions over longer of your own life expectancy or the original owners. You also have the option to follow the ten-year rule.
Individual Retirement Account (IRA): Distribution options by beneficiary type
What is the ten-year rule?
The ten-year rule is a regulation that affects non-spouse beneficiaries who inherit a retirement account on or after Jan. 1, 2020. It requires them to withdraw all the money from the account by the end of the 10th year following the year of inheritance. There are no distribution requirements during the ten year time frame.
Questions? Contact us.
As the designated beneficiary of the deceased, you will inherit their IRA and must follow the ten-year rule.
What is the ten-year rule?
The ten-year rule is a regulation that affects non-spouse beneficiaries who inherit a retirement account on or after Jan. 1, 2020. It requires them to withdraw all the money from the account by the end of the 10th year following the year of inheritance. There are no distribution requirements during the ten year time frame.
Individual Retirement Account (IRA): Distribution options by beneficiary type
No
Yes
B
A
Are you the spouse of the deceased?
Individual Retirement Account (IRA): Distribution options by beneficiary type
Questions? Contact us.
If you are not a spouse of the deceased, you will inherit the IRA and can take distributions based on your own life expectancy, beginning the end of the year following the year of death.
Individual Retirement Account (IRA): Distribution options by beneficiary type
