Reported about 2 months ago
The IRS has announced new rules affecting required minimum distributions (RMD) from inherited IRAs, changing the starting age from 72 to 73, meaning those born in 1951 must take their first distribution by April 1, 2025. Experts warn that most non-spouse beneficiaries will need to accelerate their withdrawals, a strategy that, while increasing tax liabilities in the short term, may help avoid higher tax brackets later.
Source: YAHOO