Would be nice if this could incorporate changes from both before and after the SECURE act

https://www.schwab.com/ira/inherited-and-custodial-ira/inherited-ira-withdrawal-rules

Agree with having pre/post SECURE act option

Kind of similar to this request from a Canadian user, to model early RRSP conversions. https://discord.com/channels/869222901054857216/1097636585098453002

Broadly, I think having the ability to define a transfer between accounts would be great feature.

With the current rules for a recently inherited IRA for a non qualifying beneficiary you have ten years to withdraw the full amount, and withdrawals will be taxed. It could be modeled like a ten year Roth conversion ladder which would allow for fluctuating the annual withdrawal amount. Alternatively it could at least be modelled as N equal withdrawals where N is between 1 and 10 inclusive.

Obviously other situations exist but this is the one I’m familiar with because I’m in it, having inherited an IRA this year.

When this is implemented, also include the old law which allowed the RMD to be over one’s lifetime (vs 5 years as it is today)

Agree with Ramsay on this. Even though the law has changed, I’ll be dealing with a non-spousal IRA RMD over the next 30 years on the old rule.

Under the new rules, as a non-spousal beneficiary, even if you only take RMDs, you must withdraw everything at the end of 10 years since the benefactor’s death. Also, RMDs in this situation have been repeatedly postponed. This is the latest WSJ article I’ve seen on this topic. https://www.wsj.com/personal-finance/retirement/inherited-retirement-account-ira-irs-c3c95273?st=kce10sr6h9fxyxw&reflink=desktopwebshare_permalink

I’m still on the old rules because the death occurred before the new rules took effect. Thus, I stand by my assertion that, if implemented, PL also needs to include my situation that will continue another 30 years.

Of course, we want to support both the old rules and the new rules.

We too are on the old rule with 30years out. What is the ETA for this implementation?

My wife has 2 non-spousal inherited IRA’s that are subject to RMD’s across her lifetime. The RMD’s are high enough to impact our other Roth Conversion strategies and still avoid IRMAA. Having inherited IRA’s properly modeled would be a HUGE help in optimizing our Roth Conversion and withdrawal strategy. Any ETA to incorporate this feature in the tool?

If the software had this feature I may have continued with my subscription. We have a pre 2020 inherited IRA that will be with us for next 30 years I think.

+1 for prioritizing this feature, I’m on the fence about my subscription and my top painpoint is the inability to model these atypical RMD situations. If we could set a withdrawal deadline for a given account (e.g., within 10 years, 30 years), or specify this in the drawdown logic, that would be great!

Lack of inherited stretch IRA (non-spouse) is a (subscription) blocker for me, unfortunately. I’ll keep lurking in Discord to see if it gets added, however, since I like the rest of what I see with the program!

As a recent beneficiary of this asset class, being able to model it would be helpful. Have seen it in other planners.

Hi Kyle, Ant idea when this will be implemented… trying to fudge manually with a wife (disabled legally) that will be getting an inherited non-spousal IRA in the next few years. She can stretch the RMD’s over her lifetime after her Dad 94 dies. Thought of adding another new “fake” IRA for ME (in place of wife as I’m 70) and let PL do the RMD’s at my age of 73 when we think he may be deceased…???

Pre-secure and Secure 2.0 rules have been implemented for Inherited IRA and Inherited Roth IRA.

If you have edge cases that are not implemented, or find issues, please report to Discord #support. Closing comments on this request.