Inherited Roth IRA RMD Hello,
My mom, aged 93, passed away in March 2018. I am 71. I inherited a part of her Roth IRA (there were other beneficiaries). I understand that I have to take Required Minimum Distribution (RMD) from my beneficiary Roth, starting this year. I also understand that I have to take all the money out of this Roth IRA by the end of the 5th year. Is this correct?
If so, can I take all of it out in year 5, or do I have to take out 20% each year as a RMD?
Or, are there other alternatives, such as taking out RMD based on my life expectancy, or not having to take any money out (as in the case of a regular Roth IRA)? |