rmd tables

Inherited IRAs and RMD Tables: Today’s Slott Report Mailbag

Question: Hello! I need clarification regarding RMD statements for customers who hold inherited IRAs or inherited Roth IRAs. I have not been able to find a clear answer to the following question: Is the custodian required to provide an RMD statement to owners of inherited IRAs (or inherited Roth IRAs)? Thank you!

IRS Issues New RMD Tables . . . for 2022!

Good news! You can look forward to somewhat smaller required minimum distributions (RMDs) from your IRA and company retirement savings plan beginning in 2022. That’s because, on November 6, the IRS released new life expectancy tables that are used to calculate RMDs. The new tables are not effective until 2022. RMDs are waived for 2020, and RMDs for 2021 will be calculated under the current tables.

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