marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 8,503
He's exempt from having to empty the account within 10 years, but he must start taking RMDs based on his life expectancy beginning in the year following the person's death. If they died in 2020, he has to take his first RMD in 2021 so in the next 17 days.
Ah!!!! Thank you. Now...couldn’t he wait say 5 years before his first withdrawal and take out the full amount? Or must he start this year?