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Lifetime and Inherited IRA RMD Rules: Slott Report Mailbag Thumbnail

Lifetime and Inherited IRA RMD Rules: Slott Report Mailbag

This Slott Report Mailbag contains questions regarding RMD rules that have now been changed or slightly altered starting with SECURE Act 2.0 and moving on.

When it comes to RMDs, with SECURE 2.0, now is the time to look back into your investments.


If a person turned 72 in 2022, and died before starting her traditional IRA RMDs (required minimum distributions), must her three children take an RMD (based on their ages) in 2022 and for the next 9 years?

No. The IRA owner’s required beginning date for RMDs is April 1 of the year after the year she turned 72 (April 1, 2023). Since she died before that date, the children must only empty their share of the inherited IRA by December 31, 2032. No annual RMDs are required for years 1-9 of that 10-year period beginning in 2023. If the IRA owner had died on or after April 1, 2023, then RMDs would apply in years 1-9 of the 10-year period.

If a client’s birthdate is October 1, 1950, are the RMDs based on his turning 72 in 2022 or 73 in 2023?  The client received a notice in 2022 stating that the first one is due by April 1, 2023. But that occurs before they turn age 73, which is confusing.

Any help or insight would be great.

Thanks much,

Hi Wesley,
Since the client turned 72 in 2022, his first RMD is due for 2022. However, he was allowed to delay that first RMD into 2023 – until April 1, 2023. If he did that, he would have two RMDs paid in 2023 – the 2022 RMD due by April 1, 2023 and the 2023 RMD due by December 31, 2023.

By Ian Berger, JD
IRA Analyst
Ed Slott and Company, LLC

Copyright © 2023, Ed Slott and Company, LLC Reprinted from The Slott Report, 01/26/23, with permission. https://www.irahelp.com/slottreport/lifetime-and-inherited-ira-rmd-rules-today%E2%80%99s-slott-report-mailbag, Ed Slott and Company, LLC takes no responsibility for the current accuracy of this article. Chris Cordoba, founder of California Retirement Advisors, is a member of Ed Slott's Master Elite IRA Advisor Group.
Investment advisory services offered through Mutual Advisors, LLC DBA California Retirement Advisors, a SEC registered investment adviser. Securities offered through Mutual Securities, Inc., member FINRA/SIPC. Mutual Securities, Inc. and Mutual Advisors, LLC are affiliated companies. CA Insurance license #0B09076. This content is developed from sources believed to be providing accurate information and provided by California Retirement Advisors. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security. California Retirement Advisors, nor any of its members, are tax accountants or legal attorneys and do not provide tax or legal advice. For tax or legal advice, you should consult your tax or legal professional.