Inherited IRA: New rules (absolutely testable) #series7exam #series66exam

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This is very testable on the Series 7 exam.

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The rules for inheriting an IRA changed with the SECURE act. Not as much if you are a spouse but very different for most others who inherit an IRA.
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Just passed the 7 today. I had 2 questions on spousal IRA. One was just saying you have to take it by year 10. Didn’t bring up a little each year. Next one was, what is it called. One option was spousal IRA and 1 answer given was inheritance

svanwyn
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Hope your power is on during the storm. why did i think one had to withdraw the inherited IRA within 2 years?

butternmayo