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sewclw
March 26, 2025
Question

I inherited a annuity from my mom and am not 72 yet? do I have to take an rmd from the inherited account and how do I calculate that?

  • March 26, 2025
  • 1 reply
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    1 reply

    AmyC
    AmyC
    Employee
    March 27, 2025

    It depends. A non-qualified annuity has no RMD while a qualified annuity does. An inherited account has rules.

    An inherited non-qualified annuity requires you pay taxes on the earnings portion of withdrawals, not the principal, and have several payout options, including a lump sum, the 5-year rule, or a non-qualified stretch. 

     

    Talk to your financial account holder and find out what kind of annuity you have and the rules.

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