Starting 1-1-20 if you were turning 70-1/2 and required to take required minimum distributions from your IRA, you will now have until 72 to do the first one. Your inheriting children, however, will have to completely required min out in ten years.

Starting 1-1-20 if you were turning 70-1/2 and required to take required minimum distributions from your IRA, you will now have until 72 to do the first one. Your inheriting children, however, will have to completely required min out in ten years. (www.fidelity.com)

submitted by txladyvoter

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– not_russian_bot (1 point)

IRA were never intended to be a method for rich people to leave money to their children tax free.

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– tonysoprano (2 points)

Inherited IRAs have never been tax free and no one in this thread suggested they should be. The change starting in January is the accelerated schedule of required distributions that heirs must take. Taken to the extreme, the IRS may some day require heirs to take an inherited IRA in a lump sum, which obviously could have negative tax implications.