SECURE 2.0 Updated Guidance

[Lee B]

Copied from IR 2024 - 190:

 

"Specifically, Treasury and IRS reviewed comments suggesting that a beneficiary of an individual who has started required annual distributions should not be required to continue those annual distributions if the remaining account balance is fully distributed within 10 years of the individual’s death as required by the SECURE Act. However, Treasury and IRS determined that the final regulations should retain the provision in the proposed regulations requiring such a beneficiary to continue receiving annual payments."

Well this issue is finally cleared up

[BrewOne]

nice, coherent article by Ashlea Ebeling in today's Wall Street Journal explaining the rules.  So, if the original owner dies before RMD's kick in, the new rules don't apply, and the beneficiary can take the money out any time during the 10-year period.