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Inheriting a $200,000 IRA at 62: the RMD rule that triggers a $2,000 IRS fine

Original: Inherit a Parent's $200,000 IRA at 62 and Take Nothing the First Year. If They Had Already Started RMDs, the IRS Wants One Every Year, and the Fine on the Missed One Is About $2,000

Heirs who inherit a parent's IRA that was already subject to required minimum distributions must take an RMD every year themselves, even if they skip the first year. Someone aged 62 inheriting a $200,000 IRA who takes nothing could face a penalty of roughly $2,000 for the missed withdrawal. Personal finance outlets are walking readers through the rules on inherited IRA deadlines and penalties.

Why now: Retirees and heirs are actively seeking guidance on inherited IRA withdrawal rules and steep IRS penalties for missed required distributions.

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• Inherit a Parent's $200,000 IRA at 62 and Take Nothing the First Year. If They Had Already Started RMDs, the IRS Wants One Every Year, and the Fine on the Missed One Is About $2,000 · 24/7 Wall St.

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