I'm hoping the group can help me confirm my understanding that a transfer of an inherited IRA from one custodian to another should not impact the timing/amount of required RMDs under SECURE Act 1.0/2.0.
- I have an non-spouse IRA which I inherited prior to the SECURE Act (e.g., I can stretch RMDs across my lifetime)
- I would like to transfer this inherited IRA from Fidelity to Schwab to streamline administration. I realize the IRA will need to remain in its own account
- I want to confirm that the act of transferring the IRA will not change how it's treated by the IRS (e.g., require RMDs to empty the account within 10 years)
I can't find any evidence to suggest that transferring the IRA between custodians would impact RMDs, but it's impossible to prove a negative, so hoping someone with experience here can weigh in.
- I have an non-spouse IRA which I inherited prior to the SECURE Act (e.g., I can stretch RMDs across my lifetime)
- I would like to transfer this inherited IRA from Fidelity to Schwab to streamline administration. I realize the IRA will need to remain in its own account
- I want to confirm that the act of transferring the IRA will not change how it's treated by the IRS (e.g., require RMDs to empty the account within 10 years)
I can't find any evidence to suggest that transferring the IRA between custodians would impact RMDs, but it's impossible to prove a negative, so hoping someone with experience here can weigh in.
Statistics: Posted by CashConfessions — Tue Jun 11, 2024 5:52 am