The excerpt below is from a recent article in Barrons about recent law changes regarding inherited Individual Retirement Accounts (IRA)'s
““Are there any other beneficiaries that can take RMDs based on their own life expectancy?
Yes. There are a few others. They include: beneficiaries who are no more than 10 years younger than the original IRA owner; those who are chronically ill or disabled, and minor children—not grandchildren—of the original owner.””
The beneficiaries to my IRA accounts are my minor grandchildren. So that last sentence leaves me hanging.
On a lighter note, we hope to be in Brooklyn the last week in September for the big book fair/festival, and to spend a few evenings at a nice little jazz club we found in the Bed-Sty area. (you can find out about the book fair online, with lists of authors and the venues where they might be speaking). In case anyone wants to tie in. I’ll be happy to buy you a beer or martini.