IRA Financial Blog

Inherited IRA Rules Update – Episode 390

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In today’s episode of Adam Talks, Adam Bergman, Esq. provides an update on the Inherited IRA rules and explains what you need to know if you are a beneficiary of an IRA.

Inherited IRA Rules – Have They Changed?

Adam Bergman discusses the changes to the rules surrounding inherited IRAs, particularly for non-spouse beneficiaries. The original SECURE Act introduced the ten-year rule in 2019, but the IRS did not provide regulations until February 2022. The proposed regulations were criticized for being too complicated; updated regulations are expected to be promulgated soon. The RMD rules were thrown away in 2021 and 2022 due to the confusion, but they will come back in 2023 based on the 2022 value. The rules only apply to non-spouse beneficiaries; if the account holder’s spouse died, the IRA would go to the spouse. Bergman hopes that the final regulations will be simple and easy to understand.

Bergman shares a brief message about this weekly podcast, Adam Talks. He thanks the audience for their support and announces that the podcast drops every Wednesday. The podcast has been running for almost five years, and Bergman expresses appreciation for the fun that has been had and looks forward to continuing the conversations with the audience. He concludes by wishing the audience an amazing day and asks them to take care. The message is concise and friendly, with a focus on creating a positive experience for the listeners. Bergman also makes a point to acknowledge the audience that may be watching on YouTube or listening to the podcast.

In summary, this episode covers the changes to the rules surrounding inherited IRAs for non-spouse beneficiaries. The regulations for inherited IRAs were introduced in 2019, but the IRS did not provide regulations until 2022, causing confusion and uncertainty. The final regulations are expected to be out soon, and Bergman hopes they will be simple and easy to understand. Bergman thanks the audience for their support and looks forward to continuing the conversations with them.

To learn more about the Inherited IRA rules, listen to the podcast in its entirety.

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