How to calculate 2021 RMD (Slott)

[steelyman]

I didn’t find a perfect thread for this so used a new topic. Also I don’t have a pithy excerpt to quote which is the usual practice on the forum (sorry) because the brief article covers a few different situations.

This comes from an Ed Slott newsletter received today. Article dated March 17.

https://www.irahelp.com/slottreport/how-calculate-your-2021-rmd

 

[MBAustin]

The takeaway for me is that the calculation for IRAs inherited by non-spouses is different this year but everything else is the same as normal.

 

[steelyman]

That’s how I read it too with the qualification that the inherited IRA must be pre-Secure Act.

 

[SecondCor521]

The takeaway for me is that the calculation for IRAs inherited by non-spouses is different this year but everything else is the same as normal.

I don't even see it as different. To me it's just a clarification that even though RMDs weren't required in 2020 one still needs to subtract one from your divisor for 2020. Which is what makes logical sense to me, but I can see how some people might see it as confusing or unclear.